Questions from Personal Finance

Q: What are some common mistakes that people make in personal finance?

What are some common mistakes that people make in personal finance? Name two that might be the worst, and why?

Q: Thinking about some common mistakes that people make in job interviews,

Thinking about some common mistakes that people make in job interviews, which three are the worst? Make a short list of things people should do to improve success in an interview.

Q: What would you do if you inherited $3,000 from

What would you do if you inherited $3,000 from an aunt? Identify three options.

Q: People regularly make decisions in career planning that have trade-offs

People regularly make decisions in career planning that have trade-offs. Identify some benefits and costs people are faced with as well as two lifestyle trade-offs.

Q: During slow economic times, the federal government’s budgeting priority often is

During slow economic times, the federal government’s budgeting priority often is to borrow so it can spend more money than it takes in. What happens to families that try that, and why?

Q: What is the biggest budget-related mistake that you have made

What is the biggest budget-related mistake that you have made? What would you do differently now?

Q: What are two of your most important personal values? Give an

What are two of your most important personal values? Give an example of how each of those values might influence your financial plans.

Q: College students often have little income and many expenses. Does this

College students often have little income and many expenses. Does this reduce or increase the importance of completing a cash-flow statement on a monthly basis? Why or why not?

Q: Of the financial ratios described in this chapter, which two might

Of the financial ratios described in this chapter, which two might be most revealing for the typical college student?

Q: Do you have a budget or spending plan? Why or why

Do you have a budget or spending plan? Why or why not? What do you think are the two major reasons why people do not make formal written budgets?