Personal Finance Final Exam

Front

It’s not IF an emergency will happen, but _______________________________

Back

When

Front

If you really want to save money, you must ____________________________

Back

Live on less than you make

Front

The purpose of an Emergency Fund is to ______________________________

Back

Be able to cover an unexpected expense with cash and protect you from having to pile up debt when something goes wrong.

Front

45% of Americans have less than $1,000 saved for a(n) _______.

Back

Emergency

Front

Banks and lenders use credit scores to determine __________

Back

The likelihood that someone will repay their debt.

Front

How you spend and give your money ________________

Back

Is a reflection of your personal values.

Front

What is your greatest wealth building tool?

Back

Your Income

Front

When someone steals and uses your debit or credit card info, that's called ______________.

Back

Fraud

Front

Creating a budget, having clear money goals, and slowing down to think through a purchase are all practices of a ____________.

Back

Smart Consumer

Front

Personal finance is 20% head knowledge and 80%___________.

Back

Behavior