# Personal Finance Level 5: Capstone: a full financial plan (free quiz and certificate) | Get Certified for Free

Source: https://getcertifiedforfree.com/courses/personal-finance/level-5/

Personal Finance · Level 5 of 5 · Capstone

# Capstone: a full financial plan

Put goals, insurance, debt, saving, and investing in the right order.

## Study notes

1. A common order: build a starter emergency fund, get any employer match, pay off high-interest debt, finish the emergency fund, then increase retirement and other goals.
1. Insurance protects the plan: health, auto, renters or homeowners, disability, and life insurance if others depend on your income.
1. Write goals with an amount and a date, such as $12,000 for a car in 24 months, which means $500 a month.
1. Inflation reduces purchasing power over time, so long-term goals need growth, not just cash.
1. Review your plan at least once a year and after big life changes like a new job, a move, marriage, or a child.

## Quiz: 6 questions

Choose one answer for each question, then check your answers. Score 5 of 6 to pass. Then enter your name and email to download a PDF certificate and have a copy emailed to you. Answers are graded in your browser.

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