Planning for Your Future: Introduction to Financial Planning
Post-Training Quiz
This post-training quiz can be conducted following the HERfinance Introduction to Financial Planning
training session. Correct answers are marked in bold.
1. What does it mean to plan for your financial future? (Check all that apply)
a. Determining how much money you earn and spend on basic needs
b. Setting goals and determining how much they cost and the timing by when you want to
achieve them
c.
Making decisions about how much money to save
d. Determining how to pay off debt
e. All of the above
2. Why is financial planning important? (Check all that apply)
a. It allows you to purchase items that you need
b. It helps you prioritize how you spend your money
c.
It minimizes financial stress
d. It ensures you have money for unexpected life events like sickness or death
e. All of the above
3. What types of goals can financial planning help you achieve?
a. Long-term financial goals
b. Short-term financial goals
c. Both long-term and short-term financial goals
d. Financial planning does not help you achieve attainable goals
4. When should you start planning for your financial future?
a. In a few years; I am still young so I don’t need to start planning yet
b. I’m too old, so it’s too late for me to start planning
c. Now; it is never too early or late to start financial planning
d. Never; it isn’t necessary to plan
5. True or false: When I am young I do not need to save for long-term financial goals.
a. True
b. False
c.
I don’t know
6. Will the financial goals you have now be the same in 5, 10, or 20 years?
a. Yes, financial goals never change
b. No, financial goals change throughout life
7. What is the typical timeframe for a short-term financial goal?
a. One to two months
b. Six to 12 months
c.
Three to five years
8. Is retirement a short-term or long-term goal?
a. Short-term
b. Long-term
c.
It is not a financial goal