Identify personal financial management tools and strategies.

Identification should include

• saving
• investing (e.g., 401-K, healthcare spending account [HSA], individual retirement account [IRA])
• calculating simple and compound interest
• borrowing (e.g., business loans, student loans, mortgages)

• guarding against identity theft
• obtaining a personal credit report and credit score on a regular basis. 

Process/Skill Questions:

• Why should one have a personal financial management strategy?
• What is identity theft?
• How can one guard against identity theft?
• What steps can one take to evaluate the risks vs. benefits of an investment?
• What is an advantage of placing money in a savings account?
• Who can provide advice about investing money?
• What resources can one use to check one’s credit score?
• How can one improve or build one’s credit score?