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Financial Planning Courses: Lifestyle Planning/Setting Financial Goals

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1.
Which career or educational path is likely to pay the most money once you have a career?
Choose wisely. There is only one correct answer.
Bachelor's degree. As a rule, a bachelor's degree will pay the most. There are exceptions to this rule, however.
2.
Your financial goals should be specific. Which of the following is the most specific goal?
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I will save $1,000 for a Chevy Malibu. Of all the choices, this one is the most specific.
3.
Ideally, when it comes to taking out student loans, you want to borrow _______.
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As little as possible. Student loan money must be paid back with interest, so ideally you want to borrow as little as possible.
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.
When you are young and just starting out, it is wiser to spend your money on _______.
Choose wisely. There is only one correct answer.
Needs. Needs tend to be less expensive. Wants tend to be more luxurious and are perhaps best purchased when you are more settled.