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Financial Planning Courses: Lifestyle Planning/Setting Financial Goals

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1.
Most financial planners and advisers recommend that we break our financial goals into what types?
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Short, intermediate, and long-term. Although the other options are worth considering and should fit into our financial planning anyway, the primary ones should be short, intermediate, and long-term.
2.
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.
3.
Two characteristics of a SMART goal are that they are _______.
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Measurable and time-bound. 'Specific' is a characteristic too.
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.