Money Matters - 1st Semester Exam

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 home.

Back

True

Front

After World War 1, 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 _____ than you make.

Back

less than

Front

To know your net worth, subtract your liabilities from your _____

Back

assets

Front

What is the best way to avoid running out of money too quickly?

Back

You can make it a habit to plan and set goals for your money.

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