Week 9

Question 1

What is a common feeling about saving for retirement at a young age?

Answer 1

It seems unattainable and unexciting

Many young individuals may not prioritize retirement savings.

Question 2

What is the first step to understanding your net worth?

Answer 2

It starts with a budget

Creating a budget helps track income and expenses.

Question 3

What types of bank accounts might be discussed?

Answer 3

Various types of bank accounts

Specifics on checking, savings, and other account types may be covered.

Question 4

What question is asked regarding consumer debt?

Answer 4

Do you have a handle on your consumer debt?

This question assesses one’s management of debt.

Question 5

What is asked about reducing debt?

Answer 5

Do you have a plan on how to reduce your debt?

Having a plan is crucial for effective debt management.

Question 6

Fill in the blank: Good debt vs. _______.

Answer 6

bad debt

Understanding the difference helps in financial decision-making.