1. After college is completed, many young people make financial planning mistakes that can cost them for years. An attempt should be made to take actions that build a foundation for longstanding financial security.  What are the main causes of common financial planning mistakes of people just after graduating from college? What additional actions might be appropriate for long-term financial success ?

2. While in college, Terri Jones worked part time and was never concerned about long term financial planning. Rather than creating a budget, she used her checkbook and savings account to handle her financial needs. After completing college, Terri began her career as a sales rep for a clothing manufacturer After one year, her assets consisted of a 2009 automobile, a television set, some electronic equipment and clothing and personal belongings with a total value of about $8,000. List various personal financial decisions that Terri might be thinking about at this point in her life. What are some short-term, intermediate, and long-term goals that Terri might want to develop ?