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Financial Planning Courses: Lifestyle Planning/Setting Financial Goals

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1.
Situations or thoughts that lead to strong emotions about money are called triggers.
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True. It is a good idea to learn what your triggers are.
2.
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.
3.
Student loan money should be used to cover the following types of expenses:
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School expenses. Student loan money is money borrowed and should only be used on necessary expenses. Cable and wants generally are not necessary expenses.
4.
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.
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.