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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.
Long-term financial goals are generally goals you want to achieve in 5-10 years.
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False. Long-term goals are 10 years or greater.
3.
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.
4.
An apprenticeship is typically done for _______.
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A skilled trade. Apprenticeships are associated with skilled trades, though in some cases they can be done in college.
5.
Your monthly budget should be adjusted _______.
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As needed to meet your needs and life situation. Budgets are rarely stable; they can and do change as your life situation changes.