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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.
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.
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.
4.
Two characteristics of a SMART goal are that they are _______.
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Measurable and time-bound. 'Specific' is a characteristic too.
5.
When you are young and just starting out, it is wiser to spend your money on _______.
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Needs. Needs tend to be less expensive. Wants tend to be more luxurious and are perhaps best purchased when you are more settled.