FICEP Test Chapter 1 2024 with Verified Solutions

FICEP Test Chapter 1 2024 with Verified Solutions people who have gambled in their lifetimes, in the past year - Answer -85%, 66% learning financial attitudes from parents is known as - Answer -modeling consumers who want it "now vs later" are at the greatest risk of - Answer -spending more than they can afford if a member thinks of a new obligation as only a few more dollars a month, without considering the total cost of the purchase, this usually indicates that they are - Answer -focusing too little on the future members viewing their 401k contributions as their primary savings are probably - Answer -saving too little earn/spend/earn/spend - Answer -living paycheck to paycheck earn/save/spend - Answer -pay yourself first, primary focus is saving earn/spend/borrow/spend - Answer -need it now, creates reliance on debt major advantage of using a credit card - Answer -it is convenient gambling addictions are hard to identify because - Answer -there is no saturation point for gambling behavior goal of financial counseling - Answer -help members become responsible for their own financial lives goal of credit counseling - Answer -help create financial stability in member's financial lives financial counselors are NOT - Answer -therapi