1. The process of creating a detailed plan to meet you financial needs are prepared for the future is called? A. a personal financial planning 2. Which of the following is not one of 5 steps of the financial process? C. collect and organize your financial information 3. Which phase in life is commonly associate with focus on marriages, family, purchasing a home, and career development? C. late 20’s through your 40’s 4. Which of the following are some benefits of having a college degree that can affect your financial planning? A .all the above 5. Which of the following are some benefits of having a college degree that can affect your financial? A. building wealth 6. People have different style when it comes to handling their money. List the two things that affect our personal beliefs and opinion about financial planning. Two things that affect our personal beliefs about money handling include inherited tendencies, and personal values of the importance certain financial decisions. 7. Which element of the comprehensive financial plan focuses on your housing needs, setting aside money for emergencies, and establishing a career path? The elements of the financial plan that focuses on housing needs, setting asides money for emergencies and establishing a career path is establishing a firm foundation. 8. The economy is unpredictable and can affect your personal financial planning. List one factor in factor in economic conditions that may affect your financial future. If I got laid off it would affect me so bad and it also mean I have to revise my way of getting a new source of income to take care of me and my family. 9. Which in 5 step financial planning process requires you to organize your financial information, create personal financial statements, and evaluate you current financial position? Step 1: Analyze your current situation