FICEP exam 2023 with 100% correct answers

Lien If a debtor files a _________ on your property you will will unable to sell or dispose of it without arrangements on the debt. Poor financial habits Spending too much, saving too little, carrying too much debt, reliance on othersm and caring to little about finance. Money avoidance The view that money us evil or undeserved Money worship The belief that money is synonymous with happiness and success Money status Associates wealth with self-worth. Money Vigilance Perceived need for secrecy about one's financial wellness. Earn/spend/earn Living paycheck to paycheck. Dividing paycheck into specific spending categories. "Capturing" money before it can be spent. How do you combat earn/spend/earn patterns? Earn/spend/borrow/spend Confuse wants with needs. Relying on debt to establish and maintain the standard of living they feel they deserve. Earn/spend/save Savings is low priority. Rarely enough money. Identify reasons to save. How can you combat Earn/spend/save patterns? Earn/save/spend Pay yourself first. Saving money immediately. Budget and spend what is left. behavioral influences Learned patterns, parents, society, creditors, lenders are examples of ______________ ________________.