Personal Finance Quiz #1

What is the second step to the Financial Planning Process?

Analyze information

What is the third step to the Decision-Making Process?

Choose two-three options

What is the third step to the Financial Planning Process?

Create a plan

What is the fifth step to the Decision-Making Process?

Decide

What is the first step to the Decision-Making Process?

Define your goal

What are the words to remember for the Decision-Making Process?

Define, Establish, Choose, Identify, Decide, Evaluate

What is the second step to the Decision-Making Process?

Establish your criteria

What is the sixth step to the Decision-Making Process?

Evaluate results

What is the fourth step to the Decision-Making Process?

Identify pros and cons

What is the fourth step to the Financial Planning Process?

Implement the plan

What is a good way to remember the Decision-Making Process?

It Spells DECIDE going down

What is the best way to remember the steps to the Financial Planning Process?

It spells SACIM going down the list

What is the fifth step to the Financial Planning Process?

Monitor and Modify the plan

What is the first Step to the Financial Planning Process?

Set SMART Goals

What are the words to remember for the Financial Planning Process?

Set, Analyze, Create, Implement, Monitor and Modify