Financial Planning

1. What is financial planning?

2. Why is financial planning important?

3. What is a budget?

4. How do you make a budget?

5. What is saving money?

6. Why should you save money?

7. What is an emergency fund?

8. How much money should you save each month?

9. What is a financial goal?

10. How do you set financial goals?

11. What is income?

12. What are expenses?

13. How can you reduce expenses?

14. What is debt?

15. How do you manage debt?

16. What is credit?

17. How can you build good credit?

18. What is investing?

19. Why should you invest money?

20. What is a bank account?

21. What is interest?

22. How does interest work?

23. What is a loan?

24. How do loans work?

25. What is a mortgage?

26. What is insurance?

27. Why do people buy insurance?

28. What is retirement planning?

29. How do you plan for retirement?

30. What is a pension?

31. How can you track your spending?

32. What is a financial advisor?

33. How do you choose a financial advisor?

34. What is financial risk?

35. How can you protect yourself from financial risk?

36. What is a credit card?

37. How should you use a credit card?

38. What is a savings account?

39. How is a savings account different from a checking account?

40. What is compound interest?

41. How can you save for your children’s education?

42. What is a stock?

43. What is a bond?

44. What is diversification in investing?

45. How do you avoid scams?

46. What is a financial plan?

47. How often should you review your financial plan?

48. What is financial literacy?

49. How can you improve your financial knowledge?

50. Why is it important to start financial planning early?