Personal Finance S1 A

Front

What is The First Foundation?

Back

Save a $500 emergency fund.

Front

Personal finance is all the financial decisions a(n) ______ must make in order to earn, budget, save, spend, and give money over time.

Back

Individual or family

Front

A money principle 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

What is financial literacy?

Back

The knowledge and skill base necessary for people to be informed consumers and manage their finances effectively.

Front

Savers have a tendency to be . . .

Back

Strict with their money and not spend any of it

Front

Is it possible to pay for college with cash?

Back

True

Front

An important money principle to consider is that you should ____ and ____ your money.

Back

Save; invest

Front

What are The Five Foundations?

Back

A personal financial action plan

Front

Personal finance is 20% ____ and 80% ____.

Back

Head knowledge; behavior