To gain an understanding of your personal finances, you should know . . .

Question

Group of answer choices

Your investment portfolio and your financial advisors’ contact information

Your financial goals

How much income you have

Where you stand financially, how much income you have, what goals you want to set, and how you’ll reach those goals

Answer 1

- Your income and expenses
- Your debts and liabilities
- Your assets and net worth
- Your credit score
- Your budget and spending habits
- Your savings and retirement accounts
- Your insurance coverage and beneficiaries
- Your tax situation
- Your short-term and long-term financial goals