Making decisions early in life about education and savings can impact:

• Only your current spending habits

• Your financial security and career opportunities later in life

• Your ability to buy a house immediately

• Only your credit score

How can poor spending habits in your youth affect your later years?

• They have no long-term impact

• They could limit your ability to retire comfortably

• They help you gain financial independence quickly

• They help you save more money

The financial decisions you make at 25 might affect:

• Only your credit rating

• Your ability to purchase a home at age 35

• Your ability to travel

• Only your monthly utility bills

When researching investment options, which source would provide the most reliable information?

• A personal blog about investment tips

• A government website or financial institution

• A friend who is a casual investor

• A social media advertisement

Where is the best place to find up-to-date tax information?

• A tax preparation software

• Local tax office staff

• The IRS website

• A financial advisor

Which of the following is a key consumer protection law that helps safeguard individuals' credit card transactions?

• The Fair Credit Reporting Act

• The Fair Debt Collection Practices Act

• The Credit Card Accountability, Responsibility, and Disclosure Act

• The Consumer Product Safety Act

What does the Truth in Lending Act require lenders to do?

When considering buying a new car, which is an example of a financial alternative to buying the car outright?

• Leasing the car

• Using a credit card to pay for the entire car

• Ignoring the need for car insurance

• Investing the money in a mutual fund

A financial decision should include:

• Only the initial cost

• The long-term financial impact of the decision

• The opinions of your friends and family

• The immediate gratification you receive

If you are considering taking a loan, which of the following is an important factor to evaluate?

• The cost of the loan over time

• The color of the loan form

• The interest rate charged by the lender

• All of the above