When planning ahead for a financial life events, what is the last thing you should plan to do?

Mo and Flo want to live by the 50/30/20 rule. They bring home $40,000 annually. How much should they be saving every year according to this rule?

What feature goes with a new / used type of car.

Joe wants to save $3,000,000 in five years so he & wife can retire at 30. They will save half their income monthly, both make $25,000 a year. Which SMART goal-setting principles does this goal NOT meet?

The Woke family want to adopt a baby. They want to save $5,000 for adoption fees and baby expenses by saving some of their income monthly. Which suggestions would best help them improve their goal?

Which of the following are examples of fixed expenses not flexible expenses?

The Zen’s want to buy a house. Their monthly income is $6,000. Fixed expenses are $3,000 and they will keep flexible expenses at $2,000 a month. Everything else will be go toward their down payment. What will they save each month for a new house?

Kit and Cat are buying a new house. The house will cost $150,000 and closing costs will be 4 percent of the home’s purchase price. How much do they need for closing costs and recommended down payment?

Which of the following is NOT a suggested strategy for handling decreases in income?

The Cob family wants to move to a larger apartment. The apartment costs $1,500 a month. They currently earn take-home pay of $4,000. Can they afford the larger apartment on their budget?

Which of the following is the last step in creating a personal financial plan?

Which of the following refers to personal belongings which have value?

Which type of people likes to plan for the future and are prepared for any type of financial situation?

Which of the following is considered to be a short-term goal?

Which of the following is an example of a personal asset?

Which of the following refers to individuals who do not consider money as a necessity and do not have much of an opinion on money?

Which of the following is considered to be a long-term financial goal?

Which step of the financial planning process involves devising strategies to help accomplish financial goals?

An individual has total assets of $120,000 and total liabilities of $80,000. What is his net worth?

What does “A” represent in SMART goal setting practices?

Which of the following is NOT a credit report mistake which can occur?

Which of the following provides international banking to multinational corporations?

Which of the following types of loan is issued when the borrower promises an asset of equal or higher value for the loan?

Which of the following is an example of revolving credit?

Which of the following credit scores are considered fair?

Which of the following is NOT considered a bad borrowing habit?

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Which of the following requires the borrower to offer a securement to the lender, in case they do not repay the loan?

Which of the following is NOT a way to reduce the borrowing cost of a loan?

Which of the following is also known as social lending or crowd lending?

Which of the following is the first step of the borrowing process?

Raegan Sisemore said consumer protection laws for vehicles are applied when a car has which type of problem?

Why might Joel want a shorter auto loan term?

Which of the following is NOT a variable necessary to calculate a car budget according to the formula provided in the presentation?

Which of the following is a service supplying vehicle title records and damage reports?

MSRP stands for which of the following?

Which of the following is the term often used to describe a defective vehicle?

Which of the following is NOT a factor considered when determining your auto insurance rate?

Which of the following is the term used to describe the approximate price the dealer paid the manufacturer for a new vehicle?

If you are not completely satisfied with a vehicle after examining and test-driving it, the presentation recommends doing which of the following?

When the presentation recommends asking the salesperson about any additional fees, how does it recommend phrasing the question?

Lenders judge your ability to borrow based on which of the following?

Most recommend having a down payment equal to what percentage of the home price?

The presentation recommends bringing which of the following to a house when looking at it with your real estate agent?

John Darden said one common mistake home buyers make is hiring which of the following?

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In addition to making sure a home meets your needs, you should also check which of the following?

When house hunting, the presentation recommends limiting the homes you look at to which of the following?

Which type of skills is recommended you have before buying a home?

What does the presentation recommend you do if you find a home fitting your needs and budget?

John Darden said a buyer may be able to negotiate to get the seller to pay for which of the following?

According to the presentation, most sellers will only accept an offer from a buyer with which of the following?

Which of the following is an amount of money which can be offset against a tax liability owed to the government?

Which of the following is a type of mutual fund which invests only in low-risk short-term securities?

Which of the following is the total amount of tax owed by an individual to a taxing authority such as the IRS?

Which of the following is an itemized summary of the expected income and expenses for a defined period of time such as a month?

Which of the following allows employees to set aside money before taxes in a personal account used for qualified health care expenses?

Which of the following is a risk management technique which places a portfolio of assets into a wide variety of investments with different risk profiles?

Which of the following allows customers to have their paycheck electronically deposited directly into their account?

Which of the following is a portion of ownership in a single corporation?

Which of the following is an expense which can vary in amount from month to month?

Which of the following is an example of a tangible asset?

Which loan should someone payoff first?

Which of the following is an example of revolving credit?

Which of the following is the most common type of mortgage?

Which of the following types of tax deductions allows the taxpayer to list certain expenses for the year such as property tax, medical expenses, charitable donations and unreimbursed business expenses?

Which of the following is a line of credit issued to customers to cover checks or debits which have exceeded the amount in their account?

Which of the following equations calculates net pay?

Which of the following loan/credit types requires a lien on an asset of the borrower as a guarantee?

Which of the following is a summary of a bank account’s financial transactions which have occurred over a given period of time?

Which of the following types of interest rate fluctuates over time as market interest rates change?

Which of the following is the process of paying off a loan over time with regular, equal payments?

How much would a $10,000 deposit earn after three years assuming a five percent annual compound interest rate?

Morgan and Jaron were recently married. They have set a goal to save up for a down payment to purchase a house in seven years. Which of the following types of financial goals has been set?