Personal Finance Final - Dec. 2024

Front

Having a(n) ________ means the amount of your liabilities is larger than the value of your assets.

Back

negative net worth

Front

________ means having the knowledge and skills to manage your personal finances.

Back

Financial literacy

Front

As a(n) ________, it's up to you to make choices about what you buy and use.

Back

consumer

Front

_______ is a fee charged for using borrowed money for a purchase,

Back

Interest

Front

Personal finance is 20% head knowledge about money. What is the other 80%?

Back

Behavior

Front

Living on less than you make means not...

Back

...spending all of your money.

Front

The Five Foundations provide a simple _____ to help you win with money.

Back

action plan

Front

Taxes and withholdings impact your _________, which is the amount of money you take home on your paycheck.

Back

net income

Front

The cost of groceries and gas is considered a(n) ________.

Back

variable expense

Front

To budget with a(n) _________, prioritize expenses from most to least important so your most important expenses are covered first.

Back

irregular income