1. (p. 45) Money management refers to day-to-day financial activities necessary to manage personal economic resources.
2. (p. 45) Money management refers to annual financial activities necessary to manage personal economic resources.
3. (p. 47) The focus of an organized system of financial records is to reduce credit card usage.
4. (p. 46) A budget is a record of how a person or family has spent their money.
5. (p. 46) Programs are available to help low-income older or disabled people who have difficulty budgeting.
6. (p. 47) In an organized system, credit card records belong in a safe deposit box.
7. (p. 47) In an organized system, birth and marriage certificates belong in a safe deposit box.
8. (p. 47) In an organized system, a will belongs in a home file.
9. (p. 48) Financial records that may need to be referred to on a regular basis should be kept in a safe-deposit box.
10. (p. 47) In an organized system, an annual stock investment statement belongs in a safe deposit box.
11. (p. 47) Records related to tax returns should be saved for ten years.
12. (p. 47) Wills and Social Security data should be kept for up to ten years.