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Case manager self-assessment: Part 1 answer key
Here are the correct answers for Part 1 of the “Financial Empowerment Self-Assessment.” If you
did not answer the question correctly, see the module in the toolkit listed next to the answer for
more information. Reading through the module indicated will help you understand the answer
to the question and build your financial empowerment knowledge and confidence.
Questions True False Module
- Goals are not important to financial planning or budgets. Module 6
- To have enough money for emergencies you must save
3 to 6 months’ worth of living expenses. Module^7 - A cash flow budget helps you track whether you will
have enough cash to cover your bills from week to
week.
Module 10- If you can’t pay all of your bills and collectors are calling,
the “squeaky wheel” that calls you the most should be
paid first.
Module 9- The only way to get the income you earn from working
is receiving a paycheck. Module^8 - Credit is when you owe someone money. Module 12
- The amount of your monthly debt payments may impact
your ability to pay your other bills and living expenses
and to access new credit.
Module 11- A poor credit history may keep you from getting an
apartment, insurance in some states, or even a job. Module 12 - There are no risks or additional costs associated with
having a checking account. Module^13 - As a consumer, you have almost no rights when it
comes to financial products. Module^14