Podcast
Questions and Answers
What is the first step in the six-part financial goal setting process?
What is the first step in the six-part financial goal setting process?
- Create S.M.A.R.T. goals
- Brainstorm your goals (correct)
- Develop an action plan
- Review the goal setting process
Why is setting financial goals important?
Why is setting financial goals important?
- It makes it easier to fail
- It helps you live out your values with your money (correct)
- It is a waste of time
- It limits your options
What is one common mistake people make with goal setting?
What is one common mistake people make with goal setting?
- Planning for when things get challenging
- Following the six-step financial goal setting process
- Having a clear finish line
- Taking on too many goals at once (correct)
What can help individuals stay on track with their financial goals?
What can help individuals stay on track with their financial goals?
What is the overall outcome of reaching financial goals?
What is the overall outcome of reaching financial goals?
What is the simplest definition of a budget?
What is the simplest definition of a budget?
Why is budgeting important?
Why is budgeting important?
What does income include in a budget?
What does income include in a budget?
What are considered budget needs?
What are considered budget needs?
What do budget wants include?
What do budget wants include?
What is the main purpose of budgeting?
What is the main purpose of budgeting?
What does a good budget include information about?
What does a good budget include information about?
What is considered as income in a budget?
What is considered as income in a budget?
What factors influence an individual's budget needs?
What factors influence an individual's budget needs?
How can one create their very first budget according to the text?
How can one create their very first budget according to the text?
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