Question

question 1 (2 points)
financial wellness uses your financial literacy and tailors it, customizing it to your specific needs (current and future) to help maintain financial stability and balance.
true
false
question 2 (2 points) saved
you should focus your finances on needs versus wants. however, you can still splurge on your wants if you budget for them and save for them as goals. it may mean delaying your gratification instead of getting immediate satisfaction.
true
false
question 3 (2 points) saved
when determining your credit score, your payment history (paying bills on time) is considered least out of all of the factors.

Explanation:

Question 1

Financial Wellness involves using financial literacy and customizing it to individual current and future needs to achieve financial stability. This aligns with the definition, so the statement is true.

Financial management emphasizes prioritizing needs over wants, but budgeting and saving for wants (as goals, with delayed gratification) is a valid approach. So the statement is true.

Payment history is a major factor in credit score calculation (often the most important), so saying it's considered least is false.

Answer:

True

Question 2