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WorksheetsPersonal finance 1
Total questions: 15
Worksheet time: 4mins
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
Some long-term investments, such as a house, can be difficult to convert quickly.
True
False
Behavioral finance is about meeting your personal financial goals.
True
False
Income left after spendin
budget
savings
investment
deficit
It includes life and health insurance and estate and retirement planning.
Protection
insurance
equity
liabilities
Being able to manage spending is a critical aspect of personal finance.
True
False
