Ficep module 5 - Study guides, Class notes & Summaries

FiCEP Module 2: Questions and answers, rated A+ What are ways to reduce debt? (7) - -(1) Stop creating debt (2) Analyze debt (WWWWWH) (3) Refinance/consolidate debt (4) Use credit wisely (5) Set goals (6) Develop a plan (7) Implement and monitor plan What are options for debt repayment? (4) - -(1) Satisfy minimum payments (2) Pay more on principal (3) Roll up payments (4) Restructure debt What does it mean to "pay more on principal"? - -To increase your payments past the minimum ...

FiCEP Module 1 Exam Questions with Complete Solutions What is money avoidance? - Answer-Money is viewed as the root of evil and undeserved. What is money worship? - Answer-Money equals happiness and is the solution for all problems. What is money status? - Answer-Money defines self-worth and status. What is money vigilance? - Answer-Secretive and overly private about finances. What are the 5 levels of Maslow's hierarchy of needs, starting from the base? - Answer-Physiological, Sa...