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Which cycle describes members who are just surviving and living paycheck to paycheck? - Answer- Earn/Spend/Earn/Spend Financial counselors who don't use what they know about hemispheric thinking may fall into the trap of: - Answer- Presenting information to a member in a manner that might not be...

Money avoidance is the idea that money is evil or ______________ - Answer- undeserved The idea that money is the way to solve all a member's problems is money ______________ - Answer- worship Money ____________ is the member's belief that wealth is tied to self-worth. Money is seen as a memb...

operating costs - Answer- A tax is defined as a contribution that supports the _____ of a government. progressive - Answer- A _____ tax requires a taxpayer to pay more tax as their income increases. (Federal and state income taxes are examples) regressive - Answer- A _____ tax charges the same...

What are the housing market conditions that can indicate a real estate "bubble"? - Answer- Housing values are rising faster than consumer income What five sources influence most consumers' financial practices? - Answer- Parents, Lenders, learned patterns, creditors, society/peers What is th...

Lien - Answer- If a debtor files a _________ on your property you will will unable to sell or dispose of it without arrangements on the debt. Poor financial habits - Answer- Spending too much, saving too little, carrying too much debt, reliance on othersm and caring to little about finance. Mo...

deliquent - Answer- debt or other financial obligation on which payment is overdue foreclosure - Answer- the seizure of property from borrowers who are unable to repay their loans money avoidance - Answer- believe that money is bad and they do not deserve it; may ignore their finances and avoi...

401k - Answer- Plan A plan which allows employees to make tax-deferred contributions to retirement savings accounts. Many employers match these contributions at a specified ratio to help retirement savings build faster. Beneficiary - Answer- The person or persons who are designated to receive the...

Right Side of the Brain - Answer- This side of the brain processes creativity, patterns, spatial awareness, context Financial Planning - Answer- Helps members make the most of their incomes to accomplish long term goals, including saving and investing for retirement Debt Counseling - Answer- H...