FICEP Study Guide EXAM QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025) Financial counseling myths (10 listed) - Correct Answers ✅1. Counselors can provide instant relief
- Budgeting means denying oneself
- Budgeting requires an accounting background
- People in financial trouble spend too much
- Everyone follows counselors' recommendations
- The member will be as dedicated to making the plan work
- If a plan fails, it is the member's fault
- If a plan fails, it means the member can never succeed
- Counselors can help everyone
- Everyone wants to pay off debt
- Nonjudgmental
- Control the interview and other member interactions 1 / 4
as the counselor
What are four program necessities for counseling other employees? - Correct Answers ✅Confidentiality, understanding, multiple methods/subjects, and surveying employees What are the three essential counselor qualities? - Correct Answers ✅1. Good listener
FICEP Study Guide EXAM QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025) What are some vital counselor skills (17 total)? - Correct Answers ✅1. Ask perceptive questions
- Observe nonverbal clues
- Help members access behaviors and attitudes
- Express empathy for members
- Assist members to identify needs and wants
- Explore money management skills
- Assemble a complete financial picture
- Develop a workable budget
- Gain agreement on budget with member
- Suggest workable approaches and potential solutions
- Motivate members to implement spending plans
- Combine optimism, enthusiasm, and realism
- Access progress
- Offer confidentiality
- Adjust plans as needed
- Make referrals when needed
- Offer hope
- Confidence 2 / 4
What are the four elements to support motivation? - Correct Answers ✅1. Commitment
FICEP Study Guide EXAM QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025)
- Sense of control
- Composure
You should help a member change their money ______, _______, and _______, but not their ________. - Correct Answers ✅You should help a member change their money attitudes, behaviors, and perceptions, but not their values.What are the three approaches to decision making that can help a counselor work with a member? - Correct Answers ✅Essential obligations, force-field analysis, and cost benefit analysis What are six decision making techniques? - Correct Answers ✅Scaling, reframing, using exceptions, future pacing, quotes and stories, and metaphors What is an example of scaling? - Correct Answers ✅Putting something on a scale of 1-10 What are the four extreme financial approaches? - Correct Answers ✅Money avoidance, money worship, money status, and money vigilance 3 / 4
FICEP Study Guide EXAM QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025) What is money avoidance? - Correct Answers ✅Money is seen as a source of fear or disgust. Avoid earning, saving, or spending. May give money away.What is money worship? - Correct Answers ✅Belief that money is synonymous with happiness and success. Believe money holds solutions to all problems.What is money status? - Correct Answers ✅Associates wealth self-worth.What is money vigilance? - Correct Answers ✅The perceived need for secrecy about one's financial affairs . Tend to avoid buying everything, even things they need
Paralanguage means: - Correct Answers ✅Language
defined by the manner in which words are said What is a soft approach good for? - Correct Answers ✅Overcoming barriers to communication and resistance What are some tactics to affirm active listening? - Correct Answers ✅Restating/paraphrasing, and summarizing.
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