Chapter 1 PF

The Five Foundations provide a simple ________ to help you win with money.

• action plan

• guide for investing

• suggestion

• educational course

Living on less than you make means not:

• buying a car at 16

• budgeting to eat out with friends

• going to college after high school

• spending all of your money

Personal finance is 20% head knowledge about money. What's the other 80%?

• cash in the bank

• experience

• behavior

• relationships

Almost half of all Americans report having less than ______ in savings.

• $500

• $1000

• $5,000

• $10,000

The total student loan debt owed in the US is currently about how much?

• 1.5 million

• 1.5 trillion

• 1.5 billion

• 1.5 quadrillion

The percentage of Americans who are living paycheck to paycheck is almost:

• 60%

• 70%

• 80%

• 90%

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

• personal finance

• negative net worth

• positive net worth

• net worth

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

• financial literacy

• personal finace

• negative net worth

• positive net worth

American culture and businesses have convinced consumers that using ____ is normal.

• interest

• net worth

• credit

• loans

_____ relates to all the different money decisions you make each day.

• consumer

• financial literacy

• asset

• personal finance