How can you make the right choices with your money

• By spending all your money on unnecessary items
• By not keeping track of your expenses
• By earning, budgeting, saving, spending, and giving

• By making impulsive decisions without considering long-term goals

True or False:

Banks got into the credit union business before 1920 because charging exceptionally high interest rates was legal

• True

• False

True or False:

You should always make sure you have a budget

• True

• False

True or False:

To gain an understanding of your personal finances, you should know where you financially, how much income you have, what goals you want to set, and how you'll reach those goals

• True

• False

What is the first foundation

• The first foundation is the topmost layer of a building.
• The first foundation is a musical band.
• The first foundation is to save a $500 emergency fund

• The first foundation is a type of makeup product.

True or False:

It is more important to be a saver than a spender

• True
• False

What is personal finance

• The art of predicting stock market trends
• The financial decisions an individual or family must make in order to earn, budget, save, spend, and give money time

• The process of managing a company's financial resources
• The study of how to make money quickly

What does avoiding debt lead to

• Financial freedom and hope

• More opportunities for investment and growth
• Increased debt and financial instability
• Higher credit score and better loan options

What percent of Americans use a budget

• 35%

• 10%
• 90%
• 50%

Which is not a component of a budget

• Goals
• Money
• Time
• Credit score