What should be your first action to improve your financial, Financial Management

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What should be your first action to improve your financial

1. What should be your FIRST action to improve your financial well-being?

A. Pay off credit card debt

B. Pay off mortgage

C. Start saving 10% of your income

D. Get a pay increase .

2. Which of the following is NOT a key to financial success identified by Skousen?

A. Live within your means

B. Start your own business

C. Consistently save money

D. Spend less than you earn .

3. Which of the following is NOT one of the three principles of financial success?

A. Use accounts with low interest rates

B. Make it easy to deposit your savings

C. Make it difficult to withdraw your savings

D. Invest your savings wisely .

4. Americans save more money than Europeans and Asians.

True False

5. You should “pay yourself first” even if you owe others money.

True False

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