FICEP Final exam
Lien - ANS 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 - 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.
Productive counseling - ANS Type of counseling that helps members identify the best way to
use their resources to improve their financial status. Often needed when someone suddenly
acquires assets.
Budget - ANS Used to determine how funds will be allocated and makes it possible to restrain
spending so money is available to meet living expenses, repay debt, and meet other goals.
Perceptive - ANS Counselors must ask _______________ questions. These are the key to
helping members recognize attitudes and practices that undermine their financial status.
Nonverbal - ANS Counselors need to observe __________________ cues.
Pacing - ANS Counselors use _____________ to create a feeling of connection with a member
by matching physical characteristics and unconscious movements.
Blending - ANS Counselors use ____________ to display communication patterns that match a
member's, such as speech rate, tone, and vocabulary.
Declarative lead - ANS Counselors say they need to learn more. "I would like to know more
about why you opened a new credit card".
Lien - ANS 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 - 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.
Productive counseling - ANS Type of counseling that helps members identify the best way to
use their resources to improve their financial status. Often needed when someone suddenly
acquires assets.
Budget - ANS Used to determine how funds will be allocated and makes it possible to restrain
spending so money is available to meet living expenses, repay debt, and meet other goals.
Perceptive - ANS Counselors must ask _______________ questions. These are the key to
helping members recognize attitudes and practices that undermine their financial status.
Nonverbal - ANS Counselors need to observe __________________ cues.
Pacing - ANS Counselors use _____________ to create a feeling of connection with a member
by matching physical characteristics and unconscious movements.
Blending - ANS Counselors use ____________ to display communication patterns that match a
member's, such as speech rate, tone, and vocabulary.
Declarative lead - ANS Counselors say they need to learn more. "I would like to know more
about why you opened a new credit card".
