FQS PPE !!! 100!!

Why is saving for a rainy day or unforeseen expenses crucial?

• It allows for impulsive spending

• It guarantees financial success

• It provides peace of mind and financial stability

• It eliminates the need for personal budget

What does financial security refer to?

• Accumulating high-interest debt

• Spending money on unnecessary items

• Having sufficient financial resources to cover essential expenses

• Avoiding savings and investments

Why is it important to periodically review and adjust a budget?

• To avoid saving for future needs

• To accumulate debt

• To ensure alignment with changing circumstances and goals

• To set unrealistic financial goals

Self Development is Important but Not Urgent in the Key to Prioritization.

• true

• false

Which of the following is not a benefit of having savings for unforeseen expenses?

• Maintaining financial stability

• Increasing impulsive purchases

• Reducing stress

• Avoiding debt cycle

How can an opportunity fund empower individuals?

• Eliminates need for financial goals

• Prevents saving for emergencies

• Discourages investments in stocks and real state

• Enables capitalizing on opportunities for personal growth and financial enhancement

How does categorizing expenses benefit financial planning?

• It prevents saving for emergencies

• It encourages overspending in all categories

• It helps identify spending patterns and overspending areas

• It eliminates the need for a budget

Watching TV is a Not Urgent and Not Important activity.

• true

• false

Social Media is Urgent and Important in the Key to Prioritization.

• true

• false

What can happen when people rely on credit cards or loans to cover emergency expenses?

• They enter a debt cycle that becomes challenging to break free from

• They increase their financial security

• They build a strong emergency fund

• They avoid accumulating debt