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Financial Planning Courses: Lifestyle Planning/Setting Financial Goals

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1.
Two characteristics of a SMART goal are that they are _______.
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Measurable and time-bound. 'Specific' is a characteristic too.
2.
Defining your financial goals involves all of the following except:
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Knowing your tax bracket. Knowing your tax bracket is important but not necessary for calculating defining your goals.
3.
Which career or educational path is likely to pay the most money once you have a career?
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Bachelor's degree. As a rule, a bachelor's degree will pay the most. There are exceptions to this rule, however.
4.
Student loans are a form of free financial aid.
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False. This is money you borrowed and you're required to pay this back. You should try to and keep the amount borrowed at a level your future income can support.
5.
The amount you should consider keeping in an emergency fund should cover _______.
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3-6 months of expenses. This is a good rule of thumb. If you lost your job this would give you an opportunity to find a new job and ensure you could cover your living expenses for 3-6 months.