What are your financial goals answer?

Pay Off Debt Paying off debts is one of the most common financial goals. And because the amount you owe is already a specific number, paying off debt can easily be translated into a financial goal. In addition to making every monthly payment, the best way to make real progress is to stop borrowing.

What are your personal financial goals?

Financial goals are the personal, big-picture objectives you set for how you’ll save and spend money. They can be things you hope to achieve in the short term or further down the road. Either way, it’s often easier to reach your goals if you identify them in advance.

What steps are you taking toward protecting your money?

How to protect your money (even from your own bank)

Check your accounts DAILY.
Know your protections.
Turn paper statements on.
Choose a bank with good customer service.
Never share your banking information with anyone.
Use strong passwords & two-factor authentication.
Don’t access your financial accounts from just anywhere.

What are the steps involved in the financial planning process quizlet?

Terms in this set (6)

step 1: determine your current financial situation.
step 2: develop your financial goals.
step 3: Identify Alternative Courses of Action.
step 4: evaluate your alternatives.
step 5: create and use your financial plan of action.
step 6: review and revise plan.

What are the five steps to effective personal financial planning quizlet?

The five steps in the financial planning process are: evaluate your financial health, define your financial goals, develop a plan of action, implement your plan, and finally, review your progress, reevaluate, and revise your plan.

What elements are found in an effective financial plan quizlet?

preparing a personal balance sheet, identifying assets, liabilities, income and expenses, preparing an income statement, & determining where your money comes from and where it goes.

Which financial tool is most important when planning for your future?

Answer: The best financial tool for future planning goals is. Step-by-step explanation: Creating a budget will help you to set aside money each week/month. By using a budget, you can see where your money is going and know how much you have to spend on things other than bills.