Money avoidance is the idea that money is evil or ______________ - ✔✔ undeserved
The idea that money is the way to solve all a member's problems
... [Show More] is money ______________ - ✔✔ worship
Money ____________ is the member's belief that wealth is tied to self-worth. Money is seen as a member's way to one-up others. - ✔✔ Status
Money vigilance is a member's perceived need for ___________ about their financial matters. - ✔✔ secrecy
The ideal spending cycle a member should strive to be in is _________ / _______________ / ____________. This group pays themselves first - ✔✔ earn save spend
Factors impacting money _____________ can include childhood experiences, emotional disorders, out of control spending or ignoring the problem. - ✔✔ attitudes
The most basic need members have is ___________________ needs like food, shelter, and clothing. This is the _____ of the pyramid on Maslow's hierarchy of needs. - ✔✔ physiological, base
The _______ brain sees things in a logical way while the ______ brain may add color and creativity to the thought process. - ✔✔ left, right
A right brain person could benefit from a list with ________________ while you are sharing information. - ✔✔ illustrations
The ____________ zone of the Johari Window includes things known to others (counselor) but unknown to self (member). - ✔✔ blind
The three types of financial counseling are ____________, _______________, and ____________. - ✔✔ productive, preventative, and remedial
A counselor should seek to understand all the facts bout a client's circumstances before generating alternatives using both _____________ and _______________ cues. - ✔✔ verbal, nonverbal
There are four steps in the member's change process. In sequential order they are:
1. Recognizing the _________ for change.
2. Gather ___________ and introduce new ideas.
3. ______________ plan as needed.
4. Make _____________ a part of the member's habits. - ✔✔ Need
information
revise
changes
Help members prioritize essentials so they spend on ___________ instead of ____________. - ✔✔ needs, wants
Examining forces for or against a specific action are part of a _____________ ______________ _____________________. - ✔✔ Force field analysis
The counseling process contains six steps. In sequential order, they are:
1. ____________ member data
2. Establish clear financial _____________ and objectives.
3. _________________ data.
4. _____________ a spending, debt repayment and action plan
5. _______________ plan.
6. Monitor, evaluate, and ______________ as needed. - ✔✔ collect
goals
analyze
develop
implement
adjust
a ____________ plan looks at the sources of income and where clients spend their money. - ✔✔ spending
Cash _____ is the term to define money in and out of a client's budget. - ✔✔ flow
T or F
At least 3 recent paycheck stubs should be reviewed when gathering a member's financial information. - ✔✔ True
When analyzing expenses it is important to consider a 12 month cycle to take ____________ ______________ into account which include rising utility costs for additional air in the summer and heat in winter as well as back to school expenses every fall. - ✔✔ seasonal variations
Options for increasing ______________ include working overtime, getting a second job, selling something and setting long term goals - ✔✔ income
Accelerating debt repayment can be done by paying more on principal, rolling up payments of the same amount monthly, or paying off ____________ _____________ debts first. - ✔✔ high interest
T or F
Since 2010 federal law requires consumers to have a choice to opt-in to overdraft programs. - ✔✔ True
____________ loans are the costliest way to handle cash flow problems. - ✔✔ Payday
When planning a trip, choose the vehicle that gives the best ___________ for that trip. - ✔✔ mileage
Secure vehicle financing for a vehicle ____________ you shop and consider how much you can afford for the vehicle plus insurance and upkeep. - ✔✔ before
_____________ savings helps members cope with unexpected expenses. - ✔✔ Emergency
___________ _________________ savings helps members plan for known future expenses. - ✔✔ Set aside [Show Less]