Question 1

Which of the following does a budget help you accomplish?

Accepted Answer

A) It allows you to not think about what you spend money on. 
B) It allows you to live above your means. 
C) It forces you to use restraint. 
D) All of the above 
E) None of the above 
A) It allows you to not think about what you spend money on. 
B) It allows you to live above your means. 
C) It forces you to use restraint. 
D) All of the above 
E) None of the above

Question 2

According to "Step 1: Manage Your Life," what are the two things that,if not eliminated,might jeopardize your future?

Accepted Answer

Delete Any Eyebrow-Raising Photos from F

Question 3

Which of the following statistics concerning women are not true?

Accepted Answer

A) About 75% of the elderly people living in poverty are women. 
B) Eighty percent of all widows who are now living in poverty were not living in poverty while their husbands were still alive. 
C) Almost half of all single elderly women get most of their income from Social Security. 
D) Only 22% of women 65 and older received pension benefits,versus 29% of men,and the median amount of the women's pension income was over twice that of men. 
A) About 75% of the elderly people living in poverty are women. 
B) Eighty percent of all widows who are now living in poverty were not living in poverty while their husbands were still alive. 
C) Almost half of all single elderly women get most of their income from Social Security. 
D) Only 22% of women 65 and older received pension benefits,versus 29% of men,and the median amount of the women's pension income was over twice that of men.

Question 4

In a Wells Fargo survey,over 1,000 adults ages 25-75 were asked if they could go back 5 years,what would they do differently,the most frequently chosen answer was

Accepted Answer

A) taking care of their physical health,diet and fitness. 
B) saving and spending. 
C) pursuing different personal relationships. 
D) working more to improve their career. 
A) taking care of their physical health,diet and fitness. 
B) saving and spending. 
C) pursuing different personal relationships. 
D) working more to improve their career.

Question 5

On average,married men earn 26% more money than unmarried men.

Accepted Answer

A) True 
 B)False

Question 6

According to the Keown book,in 2017,the average interest rate on a credit card was around 15.1 percent-expensive borrowing,to be sure.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is not true regarding investing in stocks?

Accepted Answer

A) They are risky,but not as risky as not investing in them. 
B) Mutual funds are an easy way to invest in stocks and diversify. 
C) You should let asset allocation decisions be guided by your time horizon. 
D) You should review the time dimension of investing. 
E) All of the above are true statements. 
A) They are risky,but not as risky as not investing in them. 
B) Mutual funds are an easy way to invest in stocks and diversify. 
C) You should let asset allocation decisions be guided by your time horizon. 
D) You should review the time dimension of investing. 
E) All of the above are true statements.

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

In spite of the fact that many younger couples have high living expenses at first,it's is still vitally important to start a savings plan.

Accepted Answer

A) True 
 B)False

Question 10

Discuss what is involved in Life Event 1: Getting started.

Accepted Answer

Before you can begin your life's journey

Question 11

Sam wants to start saving for retirement.She wants to have $85,000 per year for 25 years in retirement that will start in 40 years.How much must she deposit in equal annual amounts for the next 20 years if she can earn 9% over the life of her investment?

Accepted Answer

A) $16,319 
B) $8,752 
C) $2,912 
D) $4,325 
A) $16,319 
B) $8,752 
C) $2,912 
D) $4,325

Question 12

You put $5,000 per year in an IRA earning 10% a year starting when you graduate and stop 15 years later.How much will you have for retirement,30 years after you stop depositing,if the account continues to earns 10% a year?

Accepted Answer

A) $158,862 
B) $1,995 420 
C) $2,772,054 
D) $4,320,889 
A) $158,862 
B) $1,995 420 
C) $2,772,054 
D) $4,320,889

Question 13

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.

Accepted Answer

A) True 
 B)False

Question 14

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?

Accepted Answer

A) Yes,she will have over $2.3 million dollars in the account. 
B) No,she will have less than $2.3 million dollars in the account. 
A) Yes,she will have over $2.3 million dollars in the account. 
B) No,she will have less than $2.3 million dollars in the account.

Question 15

As a percentage,there are more elderly men living below the poverty line today than there are elderly women living below the poverty line.

Accepted Answer

A) True 
 B)False

Question 16

At the beginning of 2016,according to CreditCards.com and Cardweb.com,the average credit card debt per household with at least one credit card was $16,048,up from $2,985 in 1990.

Accepted Answer

A) True 
 B)False

Question 17

At the end of each year for 25 years you deposit $365 in an account that earns 12% interest.If instead you had begun saving earlier,and had deposited $365 in the account each year for 50 years,how much more money would you have on deposit?

Accepted Answer

A) $13,607.10 
B) $157,557.18 
C) $718,449.48 
D) $827,339.80 
A) $13,607.10 
B) $157,557.18 
C) $718,449.48 
D) $827,339.80

Question 18

List the six keys to successful debt management.

Accepted Answer

1.Budget and spend less than you earn.
2

Question 19

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

Accepted Answer

Personal finances become more challengin

Question 20

If you and your spouse have different money management styles,it may be wise to maintain separate checking accounts.

Accepted Answer

A) True 
 B)False

Which of the following does a budget help you accomplish?

According to "Step 1: Manage Your Life," what are the two things that,if not eliminated,might jeopardize your future?

Which of the following statistics concerning women are not true?

In a Wells Fargo survey,over 1,000 adults ages 25-75 were asked if they could go back 5 years,what would they do differently,the most frequently chosen answer was

On average,married men earn 26% more money than unmarried men.

According to the Keown book,in 2017,the average interest rate on a credit card was around 15.1 percent-expensive borrowing,to be sure.

Which of the following is not true regarding investing in stocks?

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

In spite of the fact that many younger couples have high living expenses at first,it's is still vitally important to start a savings plan.

Discuss what is involved in Life Event 1: Getting started.

Sam wants to start saving for retirement.She wants to have $85,000 per year for 25 years in retirement that will start in 40 years.How much must she deposit in equal annual amounts for the next 20 years if she can earn 9% over the life of her investment?

You put $5,000 per year in an IRA earning 10% a year starting when you graduate and stop 15 years later.How much will you have for retirement,30 years after you stop depositing,if the account continues to earns 10% a year?

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.

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?

As a percentage,there are more elderly men living below the poverty line today than there are elderly women living below the poverty line.

At the beginning of 2016,according to CreditCards.com and Cardweb.com,the average credit card debt per household with at least one credit card was $16,048,up from $2,985 in 1990.

At the end of each year for 25 years you deposit $365 in an account that earns 12% interest.If instead you had begun saving earlier,and had deposited $365 in the account each year for 50 years,how much more money would you have on deposit?

List the six keys to successful debt management.

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

If you and your spouse have different money management styles,it may be wise to maintain separate checking accounts.

The Financial Planning Process

Measuring Your Financial Health and Making a Plan

Understanding and Appreciating the Time Value of Money

Tax Planning and Strategies

Cash or Liquid Asset Management

Using Credit Cards: the Role of Open Credit

Student and Consumer Loans: the Role of Planned Borrowing

The Home and Automobile Decision

Life and Health Insurance

Property and Liability Insurance

Investment Basics

Investing in Stocks

Investing in Bonds and Other Alternatives

Mutual Funds: an Easy Way to Diversify

Retirement Planning

Estate Planning: Saving Your Heirs Money and Headaches

Filters

Exam 17: Financial Life Eventsfitting the Pieces Together

Which of the following does a budget help you accomplish?

According to "Step 1: Manage Your Life," what are the two things that,if not eliminated,might jeopardize your future?

Which of the following statistics concerning women are not true?

In a Wells Fargo survey,over 1,000 adults ages 25-75 were asked if they could go back 5 years,what would they do differently,the most frequently chosen answer was

On average,married men earn 26% more money than unmarried men.

According to the Keown book,in 2017,the average interest rate on a credit card was around 15.1 percent-expensive borrowing,to be sure.

Which of the following is not true regarding investing in stocks?

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

In spite of the fact that many younger couples have high living expenses at first,it's is still vitally important to start a savings plan.

Discuss what is involved in Life Event 1: Getting started.

Sam wants to start saving for retirement.She wants to have $85,000 per year for 25 years in retirement that will start in 40 years.How much must she deposit in equal annual amounts for the next 20 years if she can earn 9% over the life of her investment?

You put $5,000 per year in an IRA earning 10% a year starting when you graduate and stop 15 years later.How much will you have for retirement,30 years after you stop depositing,if the account continues to earns 10% a year?

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.

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?

As a percentage,there are more elderly men living below the poverty line today than there are elderly women living below the poverty line.

At the beginning of 2016,according to CreditCards.com and Cardweb.com,the average credit card debt per household with at least one credit card was $16,048,up from $2,985 in 1990.

At the end of each year for 25 years you deposit $365 in an account that earns 12% interest.If instead you had begun saving earlier,and had deposited $365 in the account each year for 50 years,how much more money would you have on deposit?

List the six keys to successful debt management.

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

If you and your spouse have different money management styles,it may be wise to maintain separate checking accounts.

The Financial Planning Process

Measuring Your Financial Health and Making a Plan

Understanding and Appreciating the Time Value of Money

Tax Planning and Strategies

Cash or Liquid Asset Management

Using Credit Cards: the Role of Open Credit

Student and Consumer Loans: the Role of Planned Borrowing

The Home and Automobile Decision

Life and Health Insurance

Property and Liability Insurance

Investment Basics

Investing in Stocks

Investing in Bonds and Other Alternatives

Mutual Funds: an Easy Way to Diversify

Retirement Planning

Estate Planning: Saving Your Heirs Money and Headaches

Filters