Suppose That You Just Completed Your First Year of College

question 17

Multiple Choice

Suppose that you just completed your first year of college with $12,000 in loans and plan to borrow the maximum each year from now until graduation.You have never accounted for the way you spend your money,do not have a budget,and want to insure that you will be able to repay your loans after college.What is the most important thing you can do right now?

• A)Talk to your parents about an allowance.
• B)Visit your career counselor at school.
• C)Ask a friend who took the Personal Finance course for advice.
• D)Immediately begin to develop a personal financial plan.

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Definitions:

Persistence

The continued effort to do or achieve something despite difficulties, failure, or opposition.

Competencies

A combination of skills, knowledge, and abilities that are required to perform a job effectively.

Role Perceptions

An individual's view of how they are supposed to act in a given context or situation.

Natural Aptitudes

Inherent abilities or talents that individuals possess, which can influence their performance and skill development in different areas.