Question: Complete the written requirements below. When asked to provide a description or an example, be sure to provide sufficient detail to show that you understand
Complete the written requirements below. When asked to provide a description or an example, be sure to provide sufficient detail to show that you understand the concept. Use proper grammar and do not copy the text.
a. Provide two examples of actions you have taken (or will take in the future) to build good credit, and link each example to one of the steps to building good credit provided in the text.
b. Describe two of your own financial goals and how you expect to achieve them. See Figure 15.8 for examples. Your answers can go beyond the examples shown in Figure 15.8.
c. Review Figure 15.9. Why is it important to create a personal budget, and perhaps even more important to compare actual results to your budget?
d. What is meant by the phrase pay yourself first? (As a side note, the dollar amount saved on a monthly basis is not as important as getting in the habit of saving. The dollar amount can be increased over time. If you dont currently have a savings plan, start with a small amount, even if its just $5 per month.)
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