PF1 Ch. 1.5

Front

What is the first foundation?

Back

Save a $500 emergency fund

Front

The purpose of an emergency fund is:

Back

To cover unexpected expenses

Front

True or False: An emergency fund should only be used for big purchases such as vacations

Back

False

Front

What is the second foundation?

Back

Get out of debt

Front

Why is getting out of debt important?

Back

Debt limits your future choices

Front

What is the third foundation?

Back

Pay cash for your car

Front

Which of the following is an example of paying cash for college? Options: Taking out a student loan, Using scholarships and grants, Borrowing from a friend, Putting tuition on a credit card

Back

Using scholarships and grants

Front

What is the fourth foundation?

Back

Pay cash for college

Front

Paying cash for a car is better than financing because you don't pay...

Back

interest

Front

True or False: Building wealth allows you to give generously to others.

Back

True