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Financial Planning Courses: Lifestyle Planning/Setting Financial Goals

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1.
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.
2.
An apprenticeship program is a form of education generally associated with what industry?
Choose wisely. There is only one correct answer.
Skilled trades. Skilled trades include jobs like carpentry, electrical, plumbing, and masonry, just to name a few.
3.
Financial _______ occur when you choose to spend money on a want versus a need.
Choose wisely. There is only one correct answer.
Tradeoffs. Tradeoffs occur because you forego the opportunity to take care of other financial needs you have when you spend money on wants.
4.
Most financial planners and advisers recommend that we break our financial goals into what types?
Choose wisely. There is only one correct answer.
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.
5.
Your financial goals should be specific. Which of the following is the most specific goal?
Choose wisely. There is only one correct answer.
I will save $1,000 for a Chevy Malibu. Of all the choices, this one is the most specific.