FICEP ASSESSMENT STUDY SHEET 2026
ACCURATE ANSWERS VERIFIED
⫸ Poor financial habits. Ans: Spending too much, saving too little,
carrying too much debt, reliance on othersm and caring to little about
finance.
⫸ Money avoidance. Ans: The view that money us evil or
undeserved
⫸ Money worship. Ans: The belief that money is synonymous with
happiness and success
⫸ Money status. Ans: Associates wealth with self-worth.
⫸ Money Vigilance. Ans: Perceived need for secrecy about one's
financial wellness.
⫸ Earn/spend/earn. Ans: Living paycheck to paycheck.
⫸ Dividing paycheck into specific spending categories. "Capturing"
money before it can be spent.. Ans: How do you combat
earn/spend/earn patterns?
,⫸ Earn/spend/borrow/spend. Ans: Confuse wants with needs.
Relying on debt to establish and maintain the standard of living they
feel they deserve.
⫸ Earn/spend/save. Ans: Savings is low priority. Rarely enough
money.
⫸ Identify reasons to save.. Ans: How can you combat
Earn/spend/save patterns?
⫸ Earn/save/spend. Ans: Pay yourself first. Saving money
immediately. Budget and spend what is left.
⫸ behavioral influences. Ans: Learned patterns, parents, society,
creditors, lenders are examples of ______________
________________.
⫸ Expand. Ans: Financial counselors should seek to help members
______________ their perspective to see other possibilities that could
improve their financial health.
⫸ Conscious mind. Ans: Correlates to the left hemisphere. Orderly
and systematic center for processing info provided by the senses.
Directed with a focused activity.
, ⫸ Unconscious mind. Ans: 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. Ans: Correlates to the left, analytical side.
Communicates in ways that are orderly, specific, and straight-forward.
Often assertive.
⫸ Soft Approach. Ans: Correlates with the right, creative side. Offers
possibilities and suggestions. Avoids absolutes or directives.
⫸ Open. Ans: Term for information that is known to a counselor and
member.
⫸ Blind. Ans: Information a counselor knows and a member does
not.
⫸ Hidden. Ans: Information the member knows and chooses not to
share.
⫸ Remedial counseling. Ans: Type of counseling that helps members
cope with debt they cannot afford or poor management. Often
required in financial emergencies.
⫸ Preventive counseling. Ans: Type of counseling that helps
members with good financial habits manage financial challenges due
to life changes. Can be used to prepare members for a large purchase.
ACCURATE ANSWERS VERIFIED
⫸ Poor financial habits. Ans: Spending too much, saving too little,
carrying too much debt, reliance on othersm and caring to little about
finance.
⫸ Money avoidance. Ans: The view that money us evil or
undeserved
⫸ Money worship. Ans: The belief that money is synonymous with
happiness and success
⫸ Money status. Ans: Associates wealth with self-worth.
⫸ Money Vigilance. Ans: Perceived need for secrecy about one's
financial wellness.
⫸ Earn/spend/earn. Ans: Living paycheck to paycheck.
⫸ Dividing paycheck into specific spending categories. "Capturing"
money before it can be spent.. Ans: How do you combat
earn/spend/earn patterns?
,⫸ Earn/spend/borrow/spend. Ans: Confuse wants with needs.
Relying on debt to establish and maintain the standard of living they
feel they deserve.
⫸ Earn/spend/save. Ans: Savings is low priority. Rarely enough
money.
⫸ Identify reasons to save.. Ans: How can you combat
Earn/spend/save patterns?
⫸ Earn/save/spend. Ans: Pay yourself first. Saving money
immediately. Budget and spend what is left.
⫸ behavioral influences. Ans: Learned patterns, parents, society,
creditors, lenders are examples of ______________
________________.
⫸ Expand. Ans: Financial counselors should seek to help members
______________ their perspective to see other possibilities that could
improve their financial health.
⫸ Conscious mind. Ans: Correlates to the left hemisphere. Orderly
and systematic center for processing info provided by the senses.
Directed with a focused activity.
, ⫸ Unconscious mind. Ans: 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. Ans: Correlates to the left, analytical side.
Communicates in ways that are orderly, specific, and straight-forward.
Often assertive.
⫸ Soft Approach. Ans: Correlates with the right, creative side. Offers
possibilities and suggestions. Avoids absolutes or directives.
⫸ Open. Ans: Term for information that is known to a counselor and
member.
⫸ Blind. Ans: Information a counselor knows and a member does
not.
⫸ Hidden. Ans: Information the member knows and chooses not to
share.
⫸ Remedial counseling. Ans: Type of counseling that helps members
cope with debt they cannot afford or poor management. Often
required in financial emergencies.
⫸ Preventive counseling. Ans: Type of counseling that helps
members with good financial habits manage financial challenges due
to life changes. Can be used to prepare members for a large purchase.
