FICEP Final exam| 165 Questions| 100% accurate!

FICEP Final exam| 165 QuestionsLien - ANSWER 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 - ANSWER Spending too much, saving too little, carrying too much debt, reliance on othersm and caring to little about finance. Money avoidance - ANSWER The view that money us evil or undeserved Money worship - ANSWER The belief that money is synonymous with happiness and success Money status - ANSWER Associates wealth with self-worth. Money Vigilance - ANSWER Perceived need for secrecy about one's financial wellness. Earn/spend/earn - ANSWER Living paycheck to paycheck. Dividing paycheck into specific spending categories. "Capturing" money before it can be spent. - ANSWER How do you combat earn/spend/earn patterns? Earn/spend/borrow/spend - ANSWER Confuse wants with needs. Relying on debt to establish and maintain the standard of living they feel they deserve. Earn/spend/save - ANSWER Savings is low priority. Rarely enough money. Identify reasons to save. - ANSWER How can you combat Earn/spend/save patterns? Earn/save/spend - ANSWER Pay yourself first. Saving money immediately. Budget and spend what is left. behavioral influences - ANSWER Learned patterns, parents, society, creditors, lenders are examples of ______________ ________________. Expand - ANSWER Financial counselors should seek to help members ______________ their perspective to see other possibilities that could improve their financial health. Conscious mind - ANSWER Correlates to the left hemisphere. Orderly and systematic center for processing info provided by the senses. Directed with a focused activity. Unconscious mind - ANSWER Correlates to the right hemisphere and provides autonomic processing, which controls functions of the body that continually work in the background such as breathing. Hard Approach - ANSWER Correlates to the left, analytical side. Communicates in ways that are orderly, specific, and straight-forward. Often assertive. Soft Approach - ANSWER Correlates with the right, creative side. Offers possibilities | 100% accurate!