Financial Math Midterm

Front

You should always make sure you have a…

Back

Budget

Front

What is The First Foundation?

Back

Save a $500 emergency fund

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

Personal finance is 20% ____ and 80% ____.

Back

20% head knowledge and 80% behavior

Front

A ____ financial goal takes up to two years to reach.

Back

Short-term

Front

When you set financial goals, they should be… Specific, measurable, time-sensitive, yours, and written

Back

Specific, measurable, time-sensitive, yours, and written

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

Front

How many categories should you have in your budget?

Back

No limit; use as many as you need to keep your budget accurate