Introduction to Personal Finance Lesson 1

all the financial decisions an individual or family must make in order to earn, budget, save, spend, and give money over time

• Personal Finance

• Preferable Finance

• Personal Dilemma

• Preferable Dilemma

a person or organization that uses a product or service

• Not a Customer

• ConSumoWrestler

• Consumer

• Politician

money owed to another person or company

an expression used to describe a person or household whose monthly income is devoted to expenses and has little to no savings

• Paycheck to payment

• Paycheck to paycheck

• not this one

• the other one

The average credit card debt in a US household is above $15,000.

• TRUE

• FALSE

Total debt owed by US consumers is around $850 billion.

• TRUE

• FALSE

Remember, personal finance is ___ behavior and ___ head knowledge.

• 70% - 30%

• 20% - 80%

• 80% - 20%

• 30% - 70%

What is the name of the Man in the videos that we watch in my PFL class?

• David Romson

• Dave Ramsey

• Don Romsey

• Donald Trump

You’ll either manage your ____ or the lack of it will always manage you.

• Emotions

• Finances

• Money

• Behavior

____ doesn’t open doors. It closes them.

• Money

• Choices

• Credit

• Debt