What strategy to help impulse buyers does the book suggest

Assignment Help Financial Management

Reference no: EM132065185

1. Which is not an early warning sign of financial trouble to come in the future?

Not having an emergency fund

Paying only the minimum amount on a credit card bill

Not having a monthly budget

Investing in a 401(k) or a 403(b) plan

2. What is the minimum amount of money you should have in your emergency fund account, and once you have that, what should your next goal be?

$750; 3 months’ wages

$500; 4 months’ wages

$1,000; 6 months’ wages

$1,500; 6 months' wages

3. Which is a way to stop little financial leaks?

Cutting coupons

Pack your lunch

Avoid the malls when bored or depressed

All of the choices are correct.

4. To keep yourself from using your credit card, you should

destroy it.

hide it.

leave it at home.

keep it in your wallet.

5. What strategy to help impulse buyers does the book suggest?

The "ten second hold" rule

Realistic budget evaluation

The "do I need it?" strategy

The stop and think strategy

6. Paying rent, gas, and utilities and buying groceries are examples of what kind of spending?

Necessary

Non-essential

All of the choices are correct.

None of the choices are correct.

7. What is the first step of digging out of debt?

Create a realistic budget

Make payments on time

Stop using credit cards

Don't try to buy stuff you can't afford

8. When foreclosure is likely, lenders want to

get the owner out of the home so they can sell it and make a profit.

work with the owner to negotiate payments.

sell the home regardless of what the owner thinks.

None of the choices are correct.

Reference no: EM132065185

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