Personal Finance Final

A person or organization that uses a product or service.

• Consumer
• Credit
• Debt
• Buyer

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

All of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc.

• Personal Finance
• Financial Literacy
• Budget
• Banking

Today in America, debt has become "normal".

• True

• False

How do you determine your "net worth"

• assets - credit

• liabilities - assets

• assets - liabilities

• liabilities + assets

The best way to manage money it to learn how to manage _______________.

• a store

• your behavior

• your temper

• assets

At your age, a fully funded emergency fund should be: 

• $500 
• $1,000 
• $100 
• $5,000

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

• Sinking fund

• Mortgage fund

• Emergency fund

• Credit card fund

Interest paid on interest previously earned

• Compound Interest

• Interest

Which of the following is a reason that people don't save money? 

• They do not live on a budget 
• They lack focus
• They lack discipline 
• All of these 

Which of these is not a key to saving money? 

• Your income 
• Making saving a habit and a priority
• Focus 
• Discipline