These are purchases that are made frequently and quickly depleted such as food and toiletries. Consumable products true Tangible objects false Intangibles  false Long-lasting goods false Single This involves the decision making on how to spend, save, and invest money. Financial plan false Financial planning false Personal financial planning true Financial goals false Single These are goals which take one year or less to achieve. Intermediate goals false Short-term goals true Long-term goals false Financial goals false Single These goals take more than five years to achieve. Financial goals false Intermediate goals false Short-term goals false Long-term goals true Single These are high-priced items that people don’t buy very often such as cars and appliances. Tangible objects false Long-lasting goods true Consumable products false Intangibles  false Single It is essential to one's physical personal existence because it comes into contact with them at every turn: working, gratifying one's own needs, and incurring necessary expenses. Money  true Loans  false Investment  false Savings  false Single It describes the current financial condition in detail, as well as financial goals and any strategies established to achieve them. Financial goals false Financial plan true Finance  false Statement of Account false Single These are TRUE about financial planning, EXCEPT ONE. What is it? Financial planning helps reduce stress. false Financial planning helps you save for long-term goals. false Financial planning does not include information about insurance. true Financial planning is not only for the wealthy. false Single These goals take two to five years to achieve. Intermediate goals true Short-term goals false Long-term goals false Banks  false Single These are reasons why people create personal financial plans, EXCEPT ONE. Which one is it? To attain financial freedom false To have stability false For future financial troubles false For easy loan access true Single