Personal finance is...
CM Chapter 1 Review (Ramsey Material)

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•
Mathematics
•
11th - 12th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
20% head knowledge, 80% behavior
2.
FLASHCARD QUESTION
Front
Your net worth is your assets minus your ___________
Back
liabilities
3.
FLASHCARD QUESTION
Front
Who is responsible for your finances?
Back
You are responsible for your finances
4.
FLASHCARD QUESTION
Front
Knowing how earning, budgeting, saving, spending and giving affect your money is involved in...
Back
managing your money
5.
FLASHCARD QUESTION
Front
According to Ramsey, you should always have a _________.
Back
budget
6.
FLASHCARD QUESTION
Front
What is a budget?
Back
A plan for managing income and expenses.
7.
FLASHCARD QUESTION
Front
What are assets?
Back
Resources owned that have economic value.
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