Personal finance 1

Having a(n) __________ means the amount of your liabilities is larger than the value of your assets.

• Personal Finance

• Asset

• Negative Net Worth

• Interest

_________ means having the knowledge and skills to manage your personal finances.

• Interest

• Financial Literacy

• Paycheck to Paycheck

• Interest Rate

_________ relates to all of the different money decisions you make each day

• Personal Finance

• networth

• Income

• Liabilities

Knowing your __________ is the starting point for a financial plan.

• Financial plan

• networth

• income

• liabilites

Living on less than you make means not . .

• Buying a car at 16 years old

• Budgeting to eat out with friends

• Going to college after high school

• Spending all of your money

Once you have established your financial plan, please write it down.

• true

• false

Learning the language of money is not that important because you will be able to depend on financial planners to manage your money

• True

• False

Level of investors- Those who borrow and consume, shop, and go into deep debt

• Level 0

• Level 1

• Level 2

• Level 3

Level of investors- Sophisticated investors seek aggressive strategies and know how to play the game of investing.

• Level 3

• Level 4

• Level 5

• Level 6

Social media affect one's personal decisions

• True

• False