In America, ______% of people say they're burdened by consumer debt.

• 50%

• 72%

• 90%

• 33%

Personal finance is 80% ____________ and 20% ___________.

• behavior, head knowledge

• budgeting, spending

• head knowledge, behavior

• saving, spending

Debt is a normal way to live and it is inevitable to have debt at some point in your life.

• False

• True

One of Anthony O'Neal's three financial principles suggested are:

• Live, laugh, and love

• Save as much as you can

• Live on less than you make

• Never get a credit card

Assets are what you ______, and liabilities are what you _______.

• give, take

• own, owe

• spend, save

• owe, own

Net worth is ____________

• anything that is owned by an individual

• the money you bring home after taxes

• value of the liabilities a person or corporation owns, minus the assets they owe

• value of the assets a person or corporation owns, minus the liabilities they owe

The Five Foundations:

• Include using debt for big purchases

• are too hard to follow

• are an action plan for your personal finance

• Teach you how to build a house

The Five Foundations are:

1) Save a $500 Emergency Fund

2) Get out and stay out of debt

3)Pay cash for your car

4) Pay cash for college

5) __________________________?

• Build wealth and give

• Retire early

• Pay someone else's debt off

• Build wealth and be selfish

We all have _____ personalities; We can be spenders, savers, or a little bit of both

• different

• strange

• financial

• money

As a single young adult, ______ must remain a priority.

• managing your money

• saving

• being cool

• not caring about your money