FiCEP Module 1 2024/2025 updated Questions And Answers 100% correct Verified

What is the ideal spending cycle? Earn / Save / Spend Which spending cycle is living "paycheck to paycheck"? Earn / Spend / Earn / Spend Which spending cycle claims to prioritize saving but rarely has any left? Earn / Spend / Save Which spending cycle relies on debt to maintain their lifestyle? Earn / Spend / Borrow / Spend What is money avoidance? Money is viewed as the root of evil and undeserved. What is money worship? Money equals happiness and is the solution for all problems. What is money status? Money defines self-worth and status. What is money vigilance? Secretive and overly private about finances. What are the 5 levels of Maslow's hierarchy of needs, starting from the base? Physiological, Safety & Security, Love & Belongingness, Self-Esteem, Self-Actualization