Post Test 31—Becoming Clear—The First Step Toward Financial Wellness

Objectives;

To assess individual financial wellness
To clarify personal financial priorities
To identify resources for assistance with finances
You must score a 70% or above on the post test to receive continuing education credit via-cebroker.com

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* 1. Enter your licensing information

First Name *

Last Name *

License type and #

State/Province *

Email Address *

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* 2. The first step in determining one’s financial wellness is:

to assess financial needs

to make an honest assessment

to determine income needed to meet expenses

to pay past due bills

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* 3. Questions that need to be answered when assessing personal finances include all of the following EXCEPT:

if I work more and make more money will I feel better?

do I know what my financial priorities are?

do I ever feel guilty about my spending?

all of the above

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* 4. In addition to assessing payment of bills, a personal financial assessment includes:

how we view money, what meaning it has for us and how we are actually using it

what our financial needs are

how much income is necessary to live comfortably

what bills need to be paid

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* 5. After identifying financial priorities, the next step is:

paying off all credit card balances

determining what bills need to be paid

identifying current spending

budgeting for miscellaneous expenses

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* 6. All of the following are questions to ask when evaluating current spending EXCEPT:

do I use money to feel better?

do I use money to escape?

do I spend money on everything and everyone but me?

do I ever feel guilty about my spending?

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* 7. Examining three months of check registers and credit card bills, and writing down everything you spend for 30 days, are ways to:

evaluate how you spend your money

assess personal finances

identify resources for financial assistance

clarify financial priorities

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* 8. Once we become clear on how we use and view our money, we can:

budget for emergency situations

begin to make changes

evaluate our current spending

establish priorities in our spending

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* 9. When deciding on projected changes to make in priorities and actions, keep changes realistic and:

remember that lasting changes take a long time

keep a daily record of spending

remember that change takes action

develop a well planned budget

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* 10. After making our assessment and attempting to make changes, we may recognize:

the need for outside resources

the need for additional income

that our budget is not realistic

that our financial priorities need re-evaluating

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* 11. Consumer Credit Counseling, Debtors Anonymous and a financial planner are examples of:

resources for persons with limited incomes

options available in the areas of debt management and financial wellness

financial support services for recovering nurses

options for assessment of personal finances