Financial Literacy - Get Smart with Money

A monthly plan for how you are going to save and spend your income

• Bank account

• Asset

• Budget

• Finances

Liabilities are the things you owe, including any debt

• True

• False

How you handle your money is called

• Budget

• Personal Finance

• Bank Account

• Money

What percentage of personal finance is behavior?

• 30%

• 80%

• 20%

• 70%

Credit is owing anything to anyone for any reason.

• True

• False

Assets are the things you own and the money you have. This adds to your net worth

• True

• False

The Five Foundations are the beginner steps for establishing and maintaining financial struggles.

• True

• False

What percentage of personal finance is head knowledge?

• 60%

• 20%

• 10%

• 80%

When you borrow money, you go into debt and create _________

• Budget

• Debit

• Credit

• Finance

Most people view money as simply a way to get something they want.

• True

• False