Managing Financial Resources

It is a technical term that covers managing your money as well as saving and investing.

• Financial Obligations

• Financial Resources

• Managing Finances

• Personal Finance

What lead individuals to accumulate enormous debt?

• Not having the fundamental knowledge on financial management

• Not having fully understood the value of self-discipline and self-worth

• Not understanding how to manage personal finances or be financially disciplined and literate

• Not understanding the importance of purchasing power and inflation rate

What is savings in the lens of Bo Sanchez?

• The amount of money left after spending

• The amount of money set aside before spending

• The amount of money intended for investments

• The amount of money reserved for future use

Which of the following is NOT a good strategy in managing your financial resources?

• Spend what you earn

• Borrow what you can repay

• Know your income

• Limit debt

What key skill keeps professionals from spreading themselves too thin?

• Finance Prioritization

• Restraining Spending

• Monitoring credit score

• Assessing the costs and benefits