Fp101 Appendix B Personal Financial Planning Worksheet

In: Business and Management

Submitted By ShadowA212
Words 503
Pages 3
Associate Level Material
Appendix B

Personal Financial Planning Worksheet

Directions: Based on your readings and discussions in class this week, answer the following questions completely.

1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called: a. Developing goals. b. Personal financial planning. ( It is this one. c. Collecting financial information. d. Personal finance.

2. Which of the following is not one of the five major steps of the financial planning process? a. Analyze your current finances. b. Establish and implement your plan. c. Collect and organize your financial information. ( It is this one. d. Reevaluate and revise your plan as needed.

3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? a. Teenage years b. Between your 50s and 60s c. Late 20s through your 40s ( It is this one. d. During retirement

4. Which of the following are some benefits of having a college degree that can affect your financial planning? a. The potential to make a higher salary b. Jobs with retirement plans and benefits c. The ability to receive promotions and wage increases d. All of the above ( It is this one.

5. Which of the following elements of a comprehensive financial plan discuss analyzing future needs, such as saving for retirement or college funding for dependants? a. Building wealth ( It is this one. b. Securing basic needs c. Establishing a firm foundation d. Protecting wealth and dependants

6. People have different styles when it comes to handling their money. List the two things that affect our personal beliefs and opinions about financial planning. The two things that…...

Similar Documents

Personal Financial Planning Worksheet

...Personal Financial Planning Worksheet 1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called: Personal financial planning 2. Which of the following is not one of the five major steps of the financial planning process? Collect and organize your financial information. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? Late 20s through your 40s 4. Which of the following are some benefits of having a college degree that can affect your financial planning? d. All of the above 5. Which of the follows elements of a comprehensive financial plan discuss analyzing future needs, such as saving for retirement or college funding for dependents? a. Building wealth 6. People have different styles when it comes to handling their money. List the two things that affect our personal beliefs and opinions about financial planning. 7. Which element of the comprehensive financial plan focuses on your housing needs, setting aside money for emergencies, and establishing a career path? Step 2, which is, Securing basic needs Values and Attitudes, affect how any one person handles money. 8. The economy is unpredictable and can affect your personal financial planning. List one factor in economic conditions that may affect your financial future, job loss. 9. Which step in the five-step financial planning process requires you to organize your financial......

Words: 292 - Pages: 2

Appendix B

...Level Material Appendix B Personal Financial Planning Worksheet Directions: Based on your readings and discussions in class this week, answer the following questions completely. 1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called: a. Developing goals. b. Personal financial planning. c. Collecting financial information. d. Personal finance. 2. Which of the following is not one of the five major steps of the financial planning process? a. Analyze your current finances. b. Establish and implement your plan. c. Collect and organize your financial information. d. Reevaluate and revise your plan as needed. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? a. Teenage years b. Between your 50s and 60s c. Late 20s through your 40s d. During retirement 4. Which of the following are some benefits of having a college degree that can affect your financial planning? a. The potential to make a higher salary b. Jobs with retirement plans and benefits c. The ability to receive promotions and wage increases d. All of the above 5. Which of the following elements of a comprehensive financial plan discuss analyzing future needs, such as saving for retirement or college funding for dependants? a. Building wealth b.......

Words: 447 - Pages: 2

Personal Financial Planning Worksheet

...answer the following questions completely. 1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called a. developing goals b. personal financial planning c. collecting financial information d. personal finance B. Peraonal financial planning. 2. Which of the following is not one of the five major steps of the financial planning process? a. Analyze your current finances. b. Establish and implement your plan. c. Collect and organize your financial information. d. Reevaluate and revise your plan as needed C. Collect and organize your financial information. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? a. Teenage years b. Between your 50s and 60s c. Late 20s through your 40s d. During retirement A. Late 20s through your 40s 4. Which of the following is a benefit of having a college degree that can affect your financial planning? a. The potential to make a higher salary b. Jobs with retirement plans and benefits c. The ability to receive promotions and wage increases d. All of the above B. All of the above. 5. Which of the following elements of a comprehensive financial plan involves analyzing future needs, such as saving for retirement or college funding for dependants? a. Building wealth b. Securing basic needs c. Establishing a firm foundation d. Protecting wealth and......

Words: 477 - Pages: 2

Personal Financial Planning Worksheet

...Level Material Appendix B Personal Financial Planning Worksheet Directions: Based on your readings and discussions in class this week, answer the following questions completely. 1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called: a. Developing goals. b. Personal financial planning. c. Collecting financial information. d. Personal finance. 2. Which of the following is not one of the five major steps of the financial planning process? a. Analyze your current finances. b. Establish and implement your plan. c. Collect and organize your financial information. d. Reevaluate and revise your plan as needed. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? a. Teenage years b. Between your 50s and 60s c. Late 20s through your 40s d. During retirement 4. Which of the following are some benefits of having a college degree that can affect your financial planning? a. The potential to make a higher salary b. Jobs with retirement plans and benefits c. The ability to receive promotions and wage increases d. All of the above 5. Which of the following elements of a comprehensive financial plan discuss analyzing future needs, such as saving for retirement or college funding for dependants? a. Building wealth b.......

Words: 386 - Pages: 2

Personal Financial Planning Worksheet

...University of Phoenix Material Personal Financial Planning Worksheet Directions Based on your readings and discussions in class this week, answer the following multiple choice questions. 1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called personal financial planning 2. Which of the following is not one of the five major steps of the financial planning process? Collect and organize your financial information. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? Late 20s through your 40s 4. Which of the following is a benefit of having a college degree that can affect your financial planning? All of the above 5. Which of the following elements of a comprehensive financial plan involves analyzing future needs, such as saving for retirement or college funding for dependents? Securing basic needs Directions Respond to the following short-answer questions in 50-to 100-words: 6. People have different styles when it comes to handling their money. List the two things that affect your personal beliefs and opinions about financial planning. How well do you feel you manage your money? Can you spot areas for improvement in your money management style, and if so, where/how? Values (fundamental beliefs about what is important in life) and attitudes (opinions and psychological differences between people that affect......

Words: 1187 - Pages: 5

Univ. Phoenix - Personal Financial Planning Worksheet

...University of Phoenix Material Personal Financial Planning Worksheet Directions Based on your readings and discussions in class this week, answer the following multiple choice questions. 1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called a. developing goals b. personal financial planning c. collecting financial information d. personal finance 2. Which of the following is not one of the five major steps of the financial planning process? a. Analyze your current finances. b. Establish and implement your plan. c. Collect and organize your financial information. d. Reevaluate and revise your plan as needed. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? a. Teenage years b. Between your 50s and 60s c. Late 20s through your 40s d. During retirement 4. Which of the following is a benefit of having a college degree that can affect your financial planning? a. The potential to make a higher salary b. Jobs with retirement plans and benefits c. The ability to receive promotions and wage increases d. All of the above 5. Which of the following elements of a comprehensive financial plan involves analyzing future needs, such as saving for retirement or college funding for dependents? a. Building wealth b. Securing basic needs c.......

Words: 1073 - Pages: 5

Personal Financial Planning

...Personal Financial Planning “Personal financial planning is only applicable to those nearing retirement”. How true is this statement? For instance, personal financial planning is only suitable for those who are nearing retirement and not for other age groups of people. We do not really agree with that statement. Because people in different lifecycle are indeed requiring different kind of needs and wants in their life, thus, financial planning is important for everyone who wishes to achieve their financial goals. In addition, when there are existence of needs and wants in our life, everything would cost us money because money is the medium of exchange in this era. Due to this matter, meeting the rising cost of living and improving the standard of living would be a problem when we do not plan our financial side carefully. Everyone wants to have a luxury life, good car, delicious meal and many mores but without a proper planning, it is impossible for anyone to achieve these goals. Therefore, a personal financial planning is vital especially for those who started to join the work force and also those who are retiring. What is personal financial planning mean to you? Personal financial planning can be defined as a systematic process that considers important elements of an individual's financial affairs in order to fulfill the financial goals. Basically it also includes the well preparation of the cash flow movements, priority allocations on the needs and wants, and many......

Words: 696 - Pages: 3

Personal Financial Planning Worksheet

...Associate Level Material Appendix B Personal Financial Planning Worksheet Directions: Based on your readings and discussions in class this week, answer the following questions completely. 1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called: a. Developing goals. b. Personal financial planning. c. Collecting financial information. d. Personal finance. 2. Which of the following is not one of the five major steps of the financial planning process? e. Analyze your current finances. f. Establish and implement your plan. g. Collect and organize your financial information. h. Reevaluate and revise your plan as needed. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? i. Teenage years j. Between your 50s and 60s k. Late 20s through your 40s l. During retirement 4. Which of the following are some benefits of having a college degree that can affect your financial planning? m. The potential to make a higher salary n. Jobs with retirement plans and benefits o. The ability to receive promotions and wage increases p. All of the above 5. Which of the following elements of a comprehensive financial plan discuss analyzing future needs, such as saving for retirement or college funding for dependants? q. Building......

Words: 387 - Pages: 2

Personal Financial Planning Worksheet

...1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called: 1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called Personal financial planning. 2. Which of the following is not one of the five major steps of the financial planning process? 2. Collect and organize your financial information is not one of the five major steps of the financial planning process. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? 3. The Late 20s through your 40s phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development. 4. Which of the following are some benefits of having a college degree that can affect your financial planning? 4. The potential to make a higher salary, getting jobs with retirement plans and benefits, and having the ability to receive promotions and wage increases are some benefits of having a college degree that can affect your financial planning. 5. Which of the following elements of a comprehensive financial plan discuss analyzing future needs, such as saving for retirement or college funding for dependants? 5. Building wealth is an element of a comprehensive financial plan that discusses analyzing future needs, such as saving for retirement and college funding for dependants. 6. People have different styles when it comes to......

Words: 481 - Pages: 2

Fp101 Appendix B

...Material Appendix B Personal Financial Planning Worksheet Directions: 1. Based on your readings and discussions in class this week, answer the following questions completely. b. Personal financial planning. 2. Which of the following is not one of the five major steps of the financial planning process? c. Collect and organize your financial information. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? c. Late 20s through your 40s 4. Which of the following are some benefits of having a college degree that can affect your financial planning? d. All of the above 5. Which of the following elements of a comprehensive financial plan discuss analyzing future needs, such as saving for retirement or college funding for dependants? a. Building wealth 6. People have different styles when it comes to handling their money. List the two things that affect our personal beliefs and opinions about financial planning. 1. Values 2. Attitude 7. Which element of the comprehensive financial plan focuses on your housing needs, setting aside money for emergencies, and establishing a career path? Securing basic needs 8. The economy is unpredictable and can affect your personal financial planning. List one factor in economic conditions that may affect your financial......

Words: 293 - Pages: 2

Appendix B

...Associate Level Material Appendix B Personal Financial Planning Worksheet Directions: Based on your readings and discussions in class this week, answer the following questions completely. 1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called: . Personal financial planning. . 2. Which of the following is not one of the five major steps of the financial planning process? . Collect and organize your financial information. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? a. Late 20s through your 40s 4. Which of the following are some benefits of having a college degree that can affect your financial planning? All of the above 5. Which of the following elements of a comprehensive financial plan discuss analyzing future needs, such as saving for retirement or college funding for dependants? b. Protecting wealth and dependants 6. People have different styles when it comes to handling their money. List the two things that affect our personal beliefs and opinions about financial planning. ------------------------------------------------- 7. ------------------------------------------------- Which element of the comprehensive financial plan focuses on your housing needs, setting aside money for emergencies, and establishing a career path? ------------------------------------------------- ...

Words: 301 - Pages: 2

Fp/101 Appendix B Personal Financial Planning Worksheet

...Axia College Material Appendix B Personal Financial Planning Worksheet Directions: Based on your readings and discussions in class this week, answer the following questions completely. (10 points) 1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called: a. Developing goals. b. Personal financial planning. c. Collecting financial information. d. Personal finance. 2. Which of the following is not one of the five major steps of the financial planning process? a. Analyze your current finances. b. Establish and implement your plan. c. Collect and organize your financial information. d. Reevaluate and revise your plan as needed. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? a. Teenage years b. Between your 50s and 60s c. Late 20s through your 40s d. During retirement 4. Which of the following are some benefits of having a college degree that can affect your financial planning? a. The potential to make a higher salary b. Jobs with retirement plans and benefits c. The ability to receive promotions and wage increases d. All of the above 5. Which of the follows elements of a comprehensive financial plan discuss analyzing future needs, such as saving for retirement or college funding for dependants? a. Building wealth b. Securing basic needs c. Establishing a firm foundation d. Protecting wealth and......

Words: 596 - Pages: 3

Appendix B

...Associate Level Material Appendix B Personal Financial Planning Worksheet Directions: Based on your readings and discussions in class this week, answer the following questions completely. 1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called: a. Developing goals. b. Personal financial planning. c. Collecting financial information. d. Personal finance. 2. Which of the following is not one of the five major steps of the financial planning process? a. Analyze your current finances. b. Establish and implement your plan. c. Collect and organize your financial information. d. Reevaluate and revise your plan as needed. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? a. Teenage years b. Between your 50s and 60s c. Late 20s through your 40s d. During retirement 4. Which of the following are some benefits of having a college degree that can affect your financial planning? a. The potential to make a higher salary b. Jobs with retirement plans and benefits c. The ability to receive promotions and wage increases d. All of the above 5. Which of the following elements of a comprehensive financial plan discuss analyzing future needs, such as saving for retirement or college funding for dependants? a. Building wealth b. Securing basic needs c. Establishing a firm foundation d. Protecting wealth and dependants 6. People......

Words: 283 - Pages: 2

Appendix B

...Appendix B Personal Financial Planning Worksheet Directions: Based on your readings and discussions in class this week, answer the following questions completely. (10 points) 1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called a. develop goals. b. personal financial planning. c. collecting financial information. d. personal finance. 2. Which of the following is not one of the five major steps of the financial planning process? a. Analyze your current finances. b. Establish and implement your plan. c. Collect and organize your financial information. d. Reevaluate and revise your plan as needed. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? a. Teenage years b. Between your 50s and 60s c. Late 20s through your 40s d. During retirement 4. Which of the following are some benefits of having a college degree that can affect your financial planning? a. The potential to make a higher salary b. Jobs with retirement plans and benefits c. The ability to receive promotions and wage increases d. All of the above 5. Which of the follows elements of a comprehensive financial plan discuss analyzing future needs, such as saving for retirement or college funding for dependants? a. Building wealth b. Securing basic......

Words: 383 - Pages: 2

Personal Financial Planning

...Personal Financial Planning Worksheet Directions: Based on your readings and discussions in class this week, answer the following questions completely. (10 points) 1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called B-personal financial planning a. Develop goals. b. Personal financial planning. c. Collecting financial information. d. Personal finance. 2. Which of the following is not one of the five major steps of the financial planning process? Answers is C- Collect and organize your financial information. a. Analyze your current finances. b. Establish and implement your plan. c. Collect and organize your financial information. d. Reevaluate and revise your plan as needed. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? Answer is C- Late 20’s through your 40’s. a. Teenage years b. Between your 50s and 60s c. Late 20s through your 40s d. During retirement 4. Which of the following are some benefits of having a college degree that can affect your financial planning? Answer is D- All of the above. a. The potential to make a higher salary b. Jobs with retirement plans and benefits c. The ability to receive promotions and wage increases d. All of the above 5. Which of the follows elements of a comprehensive financial plan discuss analyzing future needs, such as saving for retirement or college funding for......

Words: 473 - Pages: 2