Fp/101 Appendix B Personal Financial Planning Worksheet

In: Business and Management

Submitted By DVGShop
Words 596
Pages 3
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 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. Two things that affect our personal beliefs and opinions are values and attitudes. Values are beliefs about what is important in life. You place everything in order of from what you think is the most…...

Similar Documents

Fp101 Appendix B 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. ( 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......

Words: 503 - Pages: 3

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

Fp/101 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 have different styles when it comes to......

Words: 383 - 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

Fp 101 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: b 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? C 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? C 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? D 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 a. Building wealth b. Securing basic needs c. Establishing a firm foundation d. Protecting wealth and dependants 6. People have different styles when it......

Words: 354 - 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

Fp 101 Complete Class

...FP 101 COMPLETE CLASS To purchase this visit here: http://www.activitymode.com/product/fp-101-complete-class/ Contact us at: SUPPORT@ACTIVITYMODE.COM FP 101 COMPLETE CLASS FP 101 Week 1 DQS PART 1/5 FP 101 Week 1 DQS PART 2/5 FP 101 Week 1 DQS PART 3/5 FP 101 Week 1 DQS PART 4/5 FP 101 Week 1 DQS PART 5/5 FP 101 Week 1 Assignment: Personal Financial - Appendix B FP 101 Week 2 Assignment: Personal Cash Flow Statement FP 101 Week 2 DQs PART 1/3 FP 101 Week 2 DQs PART 2/3 FP 101 Week 2 DQs PART 3/3 FP 101 Week 3 Assignment: The Five C’s Worksheet FP 101 Week 3 DQs Part 1/3 FP 101 Week 3 DQs Part 2/3 FP 101 Week 3 DQs Part 3/3 FP 101 Week 4 DQs Part 1/3 FP 101 Week 4 DQs Part 1/3 FP 101 Week 4 DQs Part 2/3 FP 101 Week 4 DQs Part 3/3 FP 101 Week 4 Assignment: Midterm Exam FP 101 Week 5 DQs part 1/3 FP 101 Week 5 DQs part 2/3 FP 101 Week 5 DQs part 3/3 FP 101 Week 5 Assignment: Student Loan Summary FP 101 Week 6 Assignment: Buy vs. Lease Scenario FP 101 Week 6 DQs part 1/3 FP 101 Week 6 DQs part 2/3 FP 101 Week 6 DQs part 3/3 FP 101 Week 7 DQs part 1/3 FP 101 Week 7 DQs part 2/3 FP 101 Week 7 DQs part 3/3 FP 101 Week 7 Assignment: Insurance Matrix FP 101 Week 8 DQs part 1/3 FP 101 Week 8 DQs part 2/3 FP 101 Final Quiz Activity mode aims to provide quality study notes and tutorials to the students of FP 101 COMPLETE CLASS in order to ace their studies. FP 101 COMPLETE CLASS To purchase this visit......

Words: 645 - Pages: 3

Fp 101 Learning Consultant / Tutorialrank.Com

...FP 101 Entire Course (UOP) For more course tutorials visit www.tutorialrank.com FP 101 Week 1 DQS PART 1/5 FP 101 Week 1 DQS PART 2/5 FP 101 Week 1 DQS PART 3/5 FP 101 Week 1 DQS PART 4/5 FP 101 Week 1 DQS PART 5/5 FP 101 Week 1 Assignment: Personal Financial - Appendix B FP 101 Week 2 Assignment: Personal Cash Flow Statement FP 101 Week 2 DQs PART 1/3 FP 101 Week 2 DQs PART 2/3 FP 101 Week 2 DQs PART 3/3 FP 101 Week 3 Assignment: The Five C’s Worksheet FP 101 Week 3 DQs Part 1/3 FP 101 Week 3 DQs Part 2/3 FP 101 Week 3 DQs Part 3/3 FP 101 Week 4 DQs Part 1/3 FP 101 Week 4 DQs Part 1/3 FP 101 Week 4 DQs Part 2/3 FP 101 Week 4 DQs Part 3/3 FP 101 Week 4 Assignment: Midterm Exam FP 101 Week 5 DQs part 1/3 FP 101 Week 5 DQs part 2/3 FP 101 Week 5 DQs part 3/3 FP 101 Week 5 Assignment: Student Loan Summary FP 101 Week 6 Assignment: Buy vs. Lease Scenario FP 101 Week 6 DQs part 1/3 FP 101 Week 6 DQs part 2/3 FP 101 Week 6 DQs part 3/3 FP 101 Week 7 DQs part 1/3 FP 101 Week 7 DQs part 2/3 FP 101 Week 7 DQs part 3/3 FP 101 Week 7 Assignment: Insurance Matrix FP 101 Week 8 DQs part 1/3 FP 101 Week 8 DQs part 2/3 __________________________________________________________ FP 101 Week 1 Assignment: Personal Financial - Appendix B (UOP) For more course tutorials visit www.tutorialrank.com Assignment: Personal Financial Planning Worksheet Resource: Appendix B Complete the Personal Financial Planning Worksheet located in Appendix B...

Words: 611 - 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

Us 101 Appendix B

...Associate Level Material Appendix B Goal Setting Defining Goals Goals are outcomes or results an individual wants to achieve in a stated period of time. Goals require prioritized steps for successful achievement and must align with an individual’s priorities. Misaligned goals often lead to unfulfilled outcomes. Putting goals into writing and reviewing them daily allows the goal setter to more effectively visualize the accomplishment of the goal. Goals can be set in various areas of life, such as career, personal development, family, friends, finances, health and wellness, leisure time, physical environment, and spirituality. Goals can also span a variety of time periods. Some goals can be long-term: 3 to 5 or more years. Others are midterm: 1 to 3 years. Still others are more immediate and short-term: 1 to 12 months. Benefits of Goal Setting Creating goals provides structure and purpose for personal, academic, and professional activities. Individuals who use effective goal-setting strategies report that they experience less stress and anxiety, concentrate better, perform better, and are more satisfied in their work and personal lives. SMART Goals For goals to be effective, they must include action words that explicitly describe the desired outcome. Effective goals also include the following SMART elements: • Specific: Specify, in detail, exactly what is to be accomplished. Vague goals do not provide enough structure for achievement. In addition,...

Words: 718 - Pages: 3

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

Fp 101 Appendix E

...Associate Level Material Appendix E Insurance Matrix |Type of Insurance |Functions |Example of Company |Coverage Characteristics | |Auto |This kind of insurance defends the car against |AAA, State Farm, Geico, Farm Bureau Insurance. |This assists to pay for the damages to a person’s own | | |responsibility and property dangers. | |car and others. This also insures personal injuries | | | | |happened in a car mishap. It additionally reduces the | | | | |responsibility for asset dangers. | |Home |This kind of insurance coverage defends against |AAA, State Farm, Liberty Mutual |Assists to protect or decrease the sum of damage from | | |responsibility as well as property dangers of a house.| |things like fire, and criminal damage. This might also| | | ...

Words: 313 - 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