Personal Finance Final Study Guide

Front

You should always have a.....

Back

Budget

Front

What is the First Foundation?

Back

Save a $500 Emergency Fund

Front

A money principal to keep in mind is to live on ____________ you make.

Back

Less than

Front

To know your net worth, subtract your liabilities from your _____________.

Back

Assets

Front

Is it possible to pay for college with cash?

Back

True

Front

When you set financial goals, they should be... Specific, measurable, time sensitive, yours, and written

Back

Specific, measurable, time sensitive, yours, and written

Front

Personal Finance is 20% ____________ and 80% ______________ .

Back

Head knowledge / Behavior

Front

Without debt you can be outrageously __________________.

Back

Generous

Front

Most Americans think that budgeting is important, however, only about __________ of Americans actually use a budget.

Back

23%

Front

What are the "Four Walls" of a good budget?

Back

Food, Utilities, Shelter, and Transportation