Definitions
Steps in Financial Planning
Financial Goals
Financial planning/goals
Miscellaneous
100
Beliefs and principles you consider important.
What are values?
100
The step in the financial planning process that consists of making sure your financial information sources are good, considering opportunity cost, and understanding the risks.
What is evaluate your alternatives?
100
Financial goals that are set for two to five years.
What are intermediate goals?
100
Single, married, college student, family size.
What is the life situation that can influence personal financial planning?
100

Work done mainly to earn money

What is a job?

200
Arranging your money to spend, save and invest to live comfortably and achieve goals.
What is personal financial planning?
200
The step in the financial planning process where you figure out how much you earn, save, and spend.
What is determining your current financial situation?
200
Financial goals that are set for one year or less.
What are short term goals?
200
The factor in financial planning where people plan to spend money on the things they value.
What are personal values?
200
Something you must have to survive.
What is a need?
300
The central banking organization of the United States.
What is the Federal Reserve System?
300
The step in the financial planning process where your choices are to start something, change something, or stop something in an effort to meet your plan.
What is identifying your options?
300
Financial goals that are set for more than five years.
What are long term goals?
300
The factor that influences personal financial planning which is whether good and services are selling well or not.
What are economic factors?
300

This document includes a personal summary of your education, training, experience, and qualifications.

What is a resume?

400
A task that is done for you.
What is a service?
400
The step in the financial planning process where you make a list of what you want to do.
What is creating and using your financial plan?
400
A goal to save money to take a vacation in six months.
What is short term goal?
400
Spend wisely, save wisely, and borrow wisely.
What are three of the steps you need to follow to reach your financial goals?
400

An experienced employee who serves as a teacher and counselor for someone less experienced

What is a mentor?

500
What you give up to gain something else.
What is opportunity cost?
500
The step in the financial planning process where you determine your needs and wants.
What is developing your financial goals?
500
A goal to save money to buy a home within ten years.
What is a long term goal?
500
Purchasing insurance to protect the things you have invested money in.
What is risk?
500
The ability to convert an asset into cash quickly and easily.
What is liquidity?
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