Classrep2

________________ _____________ occurs when a criminal obtains personal information to use without permission. - ANSWERIdentity theft Primary sources of data for identity thieves include ___________ ________________ cards, driver's license, tax returns and medical insurance cards. - ANSWERSocial Security Opting out of __________________________ credit card offers will help stop identity theft. - ANSWERPre-screened Lack of a lock icon, misspelled words, altered logos and requests for per...

Which spending cycle is the preferred one to be in? - ANSWEREarn/Save/Spend concious mind - ANSWERleft hemisphere, center for processing sensory info unconscious mind - ANSWERRight hemisphere, autonomic processing Hard approach - ANSWERleft/analytic side, assertive/orderly/straightforward Soft approach - ANSWERRight/creative side, offers possibilities and suggestions

Cycle 1 - ANSWEREarn/Spend/Earn/Spend Cycle 2 - ANSWEREarn/Spend/Borrow/Spend Cycle 3 - ANSWEREarn/Spend/Save Cycle 4 - ANSWEREarn/Save/Spend Why is it important for counselors to have an understanding of Hemispheric thinking - ANSWERSo that they are aware that everyone learns and processes information differently and they can

Financial Well-Being - ANSWERTied to behaviors and attitudes, influenced by environment and experiences Poor Financial Habits - ANSWERSpending too much, saving too little, carrying too much debt, caring too little about financial future, reliance on others Spending Cycles - ANSWER4 primary cycles, counselors aim for Earn/Save/Spend cycle Behavioral Influences - ANSWERLearned patterns, parents, society, creditors, lenders Maslow's Hierarchy of Needs -

What is the ideal spending cycle? - ANSWEREarn / Save / Spend Which spending cycle is living "paycheck to paycheck"? - ANSWEREarn / Spend / Earn / Spend Which spending cycle claims to prioritize saving but rarely has any left? - ANSWEREarn / Spend / Save Which spending cycle relies on debt to maintain their lifestyle? - ANSWEREarn / Spend / Borrow / Spend What is money avoidance? - ANSWERMoney is viewed as the root of evil and undeserved. What is money worship? - ANSWERMoney equ...

What are referral clues? - ANSWERDepression, anxiety, marital stress, secretive behavior, sudden change, severe unexplainable financial difficulties How do you make successful referrals? - ANSWER1. Recognize need to maintain dignity 2. Confidentiality 3. Be accurate 4. Set expectations especially with public programs 5. Follow up What situations call for immediate assistance? - ANSWER1. Food, shelter, or medical care 2. Professional help (ex. psych needs) 3. Severe financial crisis What...

TRUE or FALSE: Receiving a medical bill affects your credit score - ANSWERFalse TRUE or FALSE: Divorce has a direct impact on credit score - ANSWERFalse Student loan refinancing makes sense when the member has: - ANSWER1. High interest rates on existing loans 2. Steady income 3. Above-average credit score Members need to communicate ______ to creditors - ANSWERCalmly What is the first step to help facilitate productive money conversations with couples/families? - ANSWERIndividually...

operating costs - ANSWERA tax is defined as a contribution that supports the _____ of a government. progressive - ANSWERA _____ tax requires a taxpayer to pay more tax as their income increases. (Federal and state income taxes are examples) regressive - ANSWERA _____ tax charges the same percentage of the cost of a good or service, no matter what the taxpayer earns. (Sales tax, gas taxes, and liquor taxes are examples) fees or surcharges - ANSWERSometimes taxes are called _____. fee ...

PACING - ANSWERcreate a feeling of connection with a member, by matching physical characteristics, such as posture, energy level, and breathing. BLENDING - ANSWERdisplay communication patterns that match a member's, such as speech rate, tone, vocabulary, and appearance FORCE-FIELD ANALYSIS - ANSWERa method used to view all the forces in favor of or against a plan, so a decision can be made. Analysis begins with stating a problem. Then, a member lists the

What are the housing market conditions that can indicate a real estate "bubble"? - ANSWERHousing values are rising faster than consumer income What five sources influence most consumers' financial practices? - ANSWERParents, Lenders, learned patterns, creditors, society/peers What is the best tactic for helping members who are in the "earn/spend/earn/spend" cycle? - ANSWEREach paycheck must be divided up for specific categories such as savings and debt What are the six steps of the...