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Naval Science IV:  NEFE Financial Planning

Introduction & Unit One

    After completing the assigned reading, answer each question below in the space provided.  When you are done with all of the questions, click on the "Submit Answers" button at the bottom of the page.

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1.  What are the three main objectives of the NEFE High School Financial Planning program?

 

 

 

2. What is meant by the term "Personal Financial Planning"?

 

3.  What are the five steps in the personal financial planning process?

 

4.  Give examples of 5 things you would describe as "Needs" and 5 things you would describe as "Wants".

 

5.  In the text, the "SMART" method is described as a helpful way to define how you can obtain your goals.  Using the text's example as a guide, give me one of your goals broken down by each of the 5 letters of "SMART".

6.  List the three "R's" of Money and tell me what each one means.

 

                        

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