Study Guide

Topics: Personal finance, Debt, Finance Pages: 12 (859 words) Published: January 27, 2013
University of Phoenix Material

Midterm Quiz Study Guide

Purpose: The purpose of this study guide is to assist in preparation for the midterm quiz.

How to use this study guide: Use this study guide to review the content covered in each week of the course. The guide highlights the relevant weekly readings and focuses on the important content areas within the readings. Consult the sample quiz for examples of the types of questions found in the midterm quiz .

Week One: Personal Financial Planning

|Objective |What to Study | |List the five steps in the personal financial |Ch. 1 of Personal Finance | |planning process. | | | |The Personal Financial Planning Process | | | | | |Step 1: Analyze Your Current Financial Position. | | |Step 2: Develop Short-Term and Long-Term Financial Goals. | | |Step 3: Identify and Evaluate Alternative Strategies for Achieving Your Goals. | | |Step 4: Implement a Plan for Achieving Your Goals. | | |Step 5: Regularly Re-evaluate and Revise Your Plan. | |Summarize what influences personal financial |Ch.1 of Personal Finance | |planning. | | | |Factors That Influence Personal Financial Planning | | | | | |Changing Needs Over the Life Cycle | | |Values and Attitudes | | |Life Situation | | |General Economic Conditions | |Identify parts of a financial plan. |Ch.1 of Personal Finance | | | | | |Elements of a Comprehensive Financial Plan | | |Making Effective Decisions | | | | | |Making Reasonable Assumptions | | |Applying Marginal...
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