Personal Finance L1

RECALL the percentage of Americans with some kind of debt.

• 50%

• 68%

• 72%

• 85%

IDENTIFY all the most common kinds of debt below.

• Auto Loans

• Mortgages

• Student Loans

• Credit Card Debt

The decisions made in order to earn, budget, spend, and give money would best define:

• Personal Finance

• Budgeting

• Accounting

• Financial Literacy

DEFINE debt.

• Money invested into an asset.

• Money lost in an investment.

• Money owed to another person or company.

• Late credit card payments.

DEFINE consumer. (Personal Finance context.)

• A person that practices good personal finances.

• A company that takes in marketing data.

• A person that purchases a good.

• A person or company that uses a product/service.

The average borrower has over $_________ in debt.

• 1,500

• 15,000

• 34,000

• 68,000

Match the following type of debt to average amount borrowed.

• $52,803

• Student Loans

• $14,947

• Auto Loans

• $30,025

• Mortgages

• $190,429

• Credit Cards

Personal finance is ​ (a)   behavior, ​ (b)   head knowledge.

• 80%
• 20%
• 30%
• 70%
• 60%
• 40%