Fnd in PF-1st Semester Test (Ch 1-7)

Front

You should always make sure you have a…

Back

Budget

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

Avoiding debt can lead to financial freedom and hope.

Back

True

Front

After World War I, the demand for products increased, and people began getting credit without loan sharks. 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

Although the majority of Americans think budgeting is important, about ____________ of Americans actually use a budget.

Back

35%

Front

Which of the following is NOT a component of a budget? Credit score, Saving, Income, Giving

Back

Credit score

Front

What are the Four Walls?

Back

Food, utilities, shelter, and transportation