Exam 17: Financial Life Events Fitting the Pieces Together

Which of the following does a budget help you accomplish?

It is a good idea to pay all your bills first and then determine how much to save with what is left over.

Women are more likely to have a pension than men.

Discuss why budgeting is so critical to financial success and what it forces you to do.

Why is discussing personal finances with your significant other so important prior to getting married?

Suppose that immediately after graduation you invested $3,000 each year for 15 years and nothing thereafter.You earn 10% on this money.Which of the following is closest to the amount of money you would you have on deposit when you retired in 40 years (25 years after the deposits stopped)?

What does the phrase "living below your means" really mean and how is it related to wealth building?

The earlier you start saving for your retirement,the easier it will be to reach your financial goals.

Studies show that there is an inverse relationship between education and playing the lottery,with 54 percent of lottery players earning less than $40,000.

Opening a 529 plan for yourself near the end of your career is a good means to save for your retirement.

Discuss why it is important to keep a clean credit record.

Financial goals must be reexamined periodically and adjusted to accommodate changes in your life.

Buying a home is one of the smartest investments you can make.What are the proper steps necessary to make sure you do it right?

Roxanne began saving for retirement at age 23 when she graduated college.She wants to have $2.3 million dollars in her retirement account when she reaches age 55.If she deposits $9,000 each year in an account earning an 11% Annual Rate of Return,will she achieve her goal in time?

The interest on your mortgage is generally tax deductible and this tax benefit should be considered when determining which type of debt you should use.

At the beginning of 2014,according to CreditCards.com and Cardweb.com,the average credit card debt per household with at least one credit card was $15,279,up from $2,985 in 1990.

Suppose that you want to purchase a home.Your lender has told you that the standard limit for your total debt limit ratio is ________ including your mortgage debt.

Estate planning is much less important for married people than for single people.

It is never a good idea for both spouses to be actively involved in and aware of the family's finances.This can lead to arguments.

One of the first things a newly married couple should do is update their financial records and consider making each other the beneficiary on their financial accounts.