Personal Finance 2024 Semester 1

Front

Banks got into the credit business before 1920 because charging exceptionally high interest rates was legal. True or False?

Back

False

Front

What is The First Foundation?

Back

Save a $500 emergency fund.

Front

Being a spender has many more positives than being a saver.

Back

False

Front

Avoiding debt can give you financial peace and a sense of hope for the future.

Back

True

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

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

If your assets total more than your liabilities, you will have a(n) ____ net worth.

Back

Positive

Front

Your money personality impacts . . .

Back

How you handle money