The Personal Finance DSST test covers all the major purchases and financial decisions that you will make in your personal life. You'll learn about the different ways to finance a home, pay for a college education and plan for your retirement. This DSST study guide gives you detailed information and sample test questions to check your knowledge. This DSST test also covers more advanced topics such as the time value of money, stocks, taxes, 401k and IRA. Take the time to work on yourself while you are studying to test out.
Number of Questions: 98
Recommended Passing Score:400
Included in the Personal Finance DSST Study Guide
Inflation and the Value of Money
Time Value of Money
The Consumer Price Index
Personal Budgeting and Planning
Key Budgeting Strategy
Setting Financial Goals
Personal Financial Statement and Net Worth
Personal Financial Statement
Cash Flow Management: Where Did the Money Go?
Secured and Unsecured Credit
Types of Interest
How Interest Rates Are Determined
Institutional Loan Evaluation and Interest Rate Fixing Process Flow
Credit Scores and Credit Reporting
Seven Year Records
Too Much Credit
Truth in Lending and The Consumer Protection Agency
The Process of Purchasing a Home
The FSBO Process
First Time Home Buyers Tax Credit
Fixed and Adjustable Rate Mortgages
Front Loaded Interest
Accelerated Mortgage Pay-down Strategy
Upside Down and Underwater
Leasing a Car
Time Value of Money and Planning for Your Children’s College Fund
Financial Aid for Higher Education
Grants, Scholarships and Fellowships
The Federal Pell Grant
Student Loans and Sallie Mae
Loan Forgiveness Programs
Military Educational Benefits
Make Your Own Scholarship
Other Payroll Taxes
The Power of Tax Free Compounding Investment
Establishing Financial Priorities
Emergency Living Expenses
The Risk-Reward Pyramid
Typical Goals and Investment Vehicles
Typical Investing Model for Success
Personal Pension Planning
401k Pension Plan
Individual Retirement Account - IRA
Sample DSST Test Questions
Test Taking Strategies
What Your Score Means
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