Identification should include

• saving
• investing (e.g., 401(k), health savings account [HSA], individual retirement arrangement [IRA])
• calculating simple and compound interest
• borrowing (e.g., credit card, BNPL [buy now, pay later], business loan, student loan, mortgage, home equity line of credit [HELOC])
• guarding against identity theft
• obtaining a personal credit report and checking one’s credit score on a regular basis
• comparing financial products and evaluating associated risks. 

Process/Skill Questions:

• Why should one have a personal financial management strategy?
• What is identity theft?
• What steps can one take to evaluate the risks vs. benefits of an investment?
• What are the advantages of placing money in a savings account?
• Who can provide sound 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? 
• What are pros and cons of borrowing money?
• What is an amortization schedule?