Personal Finance Concepts and Principles

Front

Reason people don't save money?

Back

All of the above: they lack discipline, they do not live on a budget, they lack focus.

Front

At your age, a fully funded emergency fund should be: $500, $5,000, $100, $1,100

Back

$500

Front

Instead of borrowing money for large purchases, you should set money aside in a _________ over time and pay with cash.

Back

sinking fund

Front

Personal finance is ____% behavior and ____% knowledge.

Back

80% behavior and 20% knowledge.

Front

What is the 3rd Foundation?

Back

Pay Cash for Car

Front

What is the 4th Foundation?

Back

Pay Cash for College

Front

What is the 5th Foundation?

Back

Build Wealth and Give

Front

If you borrow $1,900 for 2.5 years at an interest rate of 5.9%, how much interest will you pay?

Back

$280.25

Front

a plan for how you spend your money

Back

budget

Front

This type of expense stays the same each month.

Back

Fixed expense