WorksheetsC1 Personal Finance and You
Total questions: 26
Worksheet time: 17mins
All the financial decisions an individual or family must make in order to earn, budget, save, spend, and give money over time.
Personal-finance
Impersonal-finance
Consumer
Money owed to another person or company
Consumer
Rent and mortgage
Debt
Financial debts or obligations
Asset
Asset plus liabilities
Liabilities
Liabilities plus assets
Having the knowledge and skills you need is a consumer to be able to manage your money well
Brains
Brains plus common sense
Brains plus common sense and self-control
Financial literacy
A plan of action that allows a person to meet not only their immediate needs but also their long-term goals
Consumer portfolio
Financial plan
Financial portfolio
Xylophone
A person organization that uses a product or service
Personal-finance
Spendthrift
Consumer
The dollar of a person's assets is greater than the dollar value of their liabilities
Positive net worth
Net worth
Negative net worth
Laissez-faire economics
An expression used to describe a person or household whose monthly income is devoted to expenses and has little savings
Negative net worth
Paycheck to paycheck
Flipped prescription
The cost of goods or services; money paid out
(a)
The additional cost a lender charges for borrowing their money
(a)
The percentage of principle charged by the lender for use of its money
(a)
The cost of goods or services; money paid out
(a)
The dollar value of a person's liabilities is larger than the value of their assets
(a)
Anything that is owned by an individual including money in the bank or investments
(a)
The granting of a loan in the creation of debt; any form of deferred payment
(a)
This financial goal takes up to two years to reach
Short-term
Medium-term
Long-term
This financial goal takes up to five years to reach
Short-term
Medium-term
Long-term
This type of financial goal takes longer than five years to reach
Short-term
Medium-term
I give up term
Long-term
Personal finance is 80% had knowledge and 20% behavior
True
False
Debt is often the result of a failure to be content
True
True most the time
Fall smoke the time
False
What percentage of Americans use all of the money they get from one paycheck just to make it to the next paycheck
100%
75%
80%
85%
According to Dave Ramsey, what is the biggest thief of your future?
Lack of knowledge
Overspending
Stress
Debt
What a person earns after payroll taxes and other deductions are taken out
Net income
Positive net worth
Negative net worth
Stacks
The average borrower has how much non-mortgage debt?
$340
$3400
$34,000
$340,000
What percentage of people say they are burdened by consumer debt
72%
2%
102%
What is the total of the national student loan debt?
$1.5 million
$1.5 billion
$1.5 trillion
1.5 gazillion dollars
