Personal Finance Flashcard

Front

Making the right choices with your money involves knowing how earning, budgeting, saving, spending, and giving affect your money.

Back

Earning, budgeting, saving, spending, and giving affect your money.

Front

You should always make sure you have a...

Back

Budget

Front

To gain an understanding of your personal finances, you should know...

Back

Where you stand financially, how much income you have, what goals you want to set, and how you'll reach them

Front

Personal finance is all the financial decisions an ____________ must make in order to earn, budget, save, spend, and give money over time.

Back

Individual or family

Front

After WW1, the demand for products increased, and people began getting credit without a loan shark. Because of this, credit...

Back

Started to become more socially acceptable

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

If your assets total more than your liabilities, you will have a ___________ net worth.

Back

Positive

Front

Which of the following is not a component of a budget? Credit Score, Saving, Spending

Back

Credit Score

Front

What does a budget show you?

Back

How much money you plan to come in and out during the month