CCUFC Ch. 1 Exam | Questions with 100% Correct
Answers | Verified | Latest Update 2026
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Terms in this set (64)
Over the years, society has shifted its acceptable to carry higher debt levels to fund
attitude toward debt, credit, and purchases
spending, making it.....
Economic trends including _____, _____ unemployment rates, reduced income, inflation
and, _____ impact the number of
members facing economic and
financial challenges
Real estate values can impact borrowing against their home
members if they are used to.....
At the most basic level, money is a..... medium of exchange and can be a measure of
freedom, self worth, and security
(True or False) A lack of True
understanding finances is not the
only obstacle standing between
many people and adherence to
optimal spending/savings habits
Identifying and dealing with deep- beyond a financial counselors scope of practice
seated psychological issues that may
be behind financial challenges is.....
, It is important for counselors to refer members to community resources and
identify issues and.... professionals for help
Goals to balance members financial reduce stress, improving family life, or increasing
lives my reflect other desires such financial stability
as...
Financial counseling, coaching, and change their attitudes, manage finances, control
education help members learn how expenditures, monitor credit and debt, and control
to... payments
There are generally five poor Spending too much
financial habits: Saving too little
Carrying too much debt
Caring too little about financial future
Reliance on others
Poor Financial Habits: Spending too Because it is easy to use credit cards, some
much - members fail to keep track of what they spend. May
also have difficulty separating wants from needs or
are unwilling/unable to distinguish between the
two. May want it now vs. later and be unwilling to
delay gratification until they can afford it
Poor Financial Habits: Saving too Members may fail to realize how much more they
little - spend due to interest costs, rather than saving and
paying for items in full. Some may justify their lack
of savings by saying their are placing a percentage
of every paycheck in a 401k
Answers | Verified | Latest Update 2026
Save
Terms in this set (64)
Over the years, society has shifted its acceptable to carry higher debt levels to fund
attitude toward debt, credit, and purchases
spending, making it.....
Economic trends including _____, _____ unemployment rates, reduced income, inflation
and, _____ impact the number of
members facing economic and
financial challenges
Real estate values can impact borrowing against their home
members if they are used to.....
At the most basic level, money is a..... medium of exchange and can be a measure of
freedom, self worth, and security
(True or False) A lack of True
understanding finances is not the
only obstacle standing between
many people and adherence to
optimal spending/savings habits
Identifying and dealing with deep- beyond a financial counselors scope of practice
seated psychological issues that may
be behind financial challenges is.....
, It is important for counselors to refer members to community resources and
identify issues and.... professionals for help
Goals to balance members financial reduce stress, improving family life, or increasing
lives my reflect other desires such financial stability
as...
Financial counseling, coaching, and change their attitudes, manage finances, control
education help members learn how expenditures, monitor credit and debt, and control
to... payments
There are generally five poor Spending too much
financial habits: Saving too little
Carrying too much debt
Caring too little about financial future
Reliance on others
Poor Financial Habits: Spending too Because it is easy to use credit cards, some
much - members fail to keep track of what they spend. May
also have difficulty separating wants from needs or
are unwilling/unable to distinguish between the
two. May want it now vs. later and be unwilling to
delay gratification until they can afford it
Poor Financial Habits: Saving too Members may fail to realize how much more they
little - spend due to interest costs, rather than saving and
paying for items in full. Some may justify their lack
of savings by saying their are placing a percentage
of every paycheck in a 401k
