Question

In 5 complete sentences, for each unit 1 and unit 2, summarize what you learned and what you will take away and apply to real-life. please take your time and use proper grammar and spelling. (10 points)

Answer 1

In unit 1, I learned about the fundamentals of personal finance, including budgeting, saving, and investing. I now understand the importance of creating a budget to track expenses and ensure financial stability. I also learned about the different investment options available, such as stocks, bonds, and mutual funds. Moving forward, I will apply this knowledge by creating a budget to monitor my spending habits and making informed decisions about my investments to help grow my wealth.

In unit 2, I learned about the basics of credit, including credit scores, reports, and how to build and maintain good credit. I now understand how credit scores are calculated and the factors that can impact them, such as payment history and credit utilization. I also learned about the importance of regularly checking my credit report for errors and fraudulent activity. Going forward, I will apply this knowledge by being more mindful of my credit utilization and making timely payments to improve my credit score and access better financial opportunities in the future.