Consumer Math

The first component of financial planning is:

Assess your ________ situation (your income, assets, and liabilities)

• Financial

• Credit card

• Bank account

When you manage your money well, you will experience deeper

• Anxieties

• Satisfaction

• Debt

• Problems

Personal finance is ​ (a)   behavior and ​ (b)   head knowledge

• 80%
• 20%
• 30
• 40

The "normal" American family is

• wealthy

• broke

• debt free

• upper class

Debt keeps us from

• building wealth

• buying cars

• buying houses

• None of these

Knowing the ____________ of money allows you to tell your money what to do

• cost

• language

• history

It is important to know where your money is going before you get your paycheck.

• True

• False

Money is a ___________. It's up to you to handle it.

• bad thing

• strange

• tool

The best way to manage money is to learn how to manage ___________

• your work hours

• your paycheck

• you

Match the following

• Consumer

• An obligation of repayment owed by one party to a second party

• Interest

• A person or organization that buys goods or services

• Debt

• The granting of a loan and the creation of a debt. Any form of deferred payment

• Credit

• A debt called a "note" which tells the principal amount, interest rate and repayment date

• Loan

• A fee paid by a borrower to the lender for the use of borrowed money