WorksheetsPersonal Finance Final - Dec. 2025
Total questions: 50
Worksheet time: 6hrs 44mins
Having a(n) ________ means the amount of your liabilities is larger than the value of your assets.
positive net worth
equity
interest
________ means having the knowledge and skills to manage your personal finances.
budget
common sense
personal literacy
As a(n) ________, it's up to you to make choices about what you buy and use.
person
buyer
American
_______ is a fee charged for using borrowed money for a purchase,
Equity
Term
Principle
Personal finance is 20% head knowledge about money. What is the other 80%?
Cash in the bank
Behavior
Experience
Relationships
Living on less than you make means not...
...buying a car at 16 years old.
...going to college after high school.
...budgeting to eat out with friends.
...spending all of your money.
The Five Foundations provide a simple _____ to help you win with money.
action plan
guide for investing
suggestion
educational course
Taxes and withholdings impact your _________, which is the amount of money you take home on your paycheck.
gross income
intrest
credit score
The cost of groceries and gas is considered a(n) ________.
discretionary expense
fixed expense
bills
To budget with a(n) _________, prioritize expenses from most to least important so your most important expenses are covered first.
crazy person
salaried job
all of these
A(n) ________________ needs to be evaluated in light of your other expenses for the month.
impulse purchase
large purchase
credit card purchase
What's it called when you make money on the percentage of the total sales you make?
Irregular income
Commission
Gross income
Overtime
What's your biggest wealth-building tool?
Income
Investments
Savings accounts
Inheritance
What will tracking expenses help you do?
Stick to a budget
Catch errors
Make adjustments
All of these
An investment's ______ is its percentage of gain or loss over time.
term
interest rate
grade
The price of goods and services increases over time due to ______.
deflation
capitalism
economy
The initial amount of money you deposit or invest is called the _______.
term
interest
loan
You save for a(n) _______ when you don't have the cash to buy it now.
necessary purchase
negative equity
all of these
Which of the following would be considered an emergency fund expense?
Lost cell phone
Video game on sale
Blown car tire
Shoe sale
In The Five Foundations, what is The Third Foundation?
Pay cash for college.
Save a $500 emergency fund.
Pay cash for a car.
Get our and stay out of debt.
Which of the following questions helps you determine if something is actually an emergency expense?
Is is urgent?
Is it unexpected?
Is it necessary?
All of these.
A(n) _____ is a number that indicates the likelihood of someone repaying debt.
credit report
math grade
all of these
The amount of time you have to pay back a loan is called the _____ of the loan.
principal
gross
net
When an item is worth less than what you owe on it, that's called _____ _____.
positive equity
treasure
heirloom
When you fail to repay a loan on time, you're referred to as being in _____.
noncompliance
trouble
all of these
Which of these is not one of the main credit bureau reporting agencies?
Identifax
Equifax
TransUnion
Experian
With a debit card, you can do everything you can do with a credit card except what?
Rent a car
Stay at a hotel
Go into debt
Fly on an airplane
Which of the following is not factored into the loan payment on a new car?
Term (time)
Equity
Interest
Principal
_____ _____ will often cause you to spend more than you've budgeted for a category.
taking loans
debit cards
Online hackers
You're a victim of _____ _____ if someone uses your card without your permission.
identify theft
positive equity
net worth
Your brain uses the _____ to process and manage stress responses.
spinal cord
prefrontal cortex
thyroid
_____ is all the ways the value of a product or service is communicated.
Manipulation
Mansplaning
All of these
What's the first thing you need to have so you can develop power over purchase?
Cash
Budget
Credit card
Mobile pay
Where's the main place a young adult can find daily examples of targeted marketing?
Social media
Radio
Television
Billboards
Short, entertaining ads on social media are called what?
Retargeting
Content marketing
Snack videos
Native advertising
A(n) _____ is a person who starts and runs their own business.
entrapper
tycoon
customer
_____ _____ are personality traits that either come naturally to you or are developed over time.
Hard skills
Character traits
Spiritual gifts
Most jobs will want a copy of your _____ before interviewing you.
drivers license
passport
degree
_____ _____ are things you learn in school or with special training to help in your career.
Soft skills
Character traits
Rules
Which of these is not considered a characteristic of an entrepreneur?
Risk-taker
Visionary
Passive
Passionate
Your social media posts, your style, and your speech all help to build what?
Hard skills
Personal brand
Career
Resume
Which of these is considered a soft skill?
Computer coding
Positive attitude
Cooking hamburgers
GIF creation
A(n) _____ _____ is also referred to as a four-year college degree or an undergraduate degree.
Associate's degree
Scholarship
Award
A(n) _____ is financial aid that's based on a student's financial need and usually doesn't need to be paid back.
loan
scholarship
FAFSA
Any formal education after you graduate from high school is referred to as _____ _____
torture
upgraded school
student loan
On average, across the U.S., the _____ _____ is lower for those with a college degree.
divorce rate
success rate
payment rate
IF you receive financial aid that's based on your achievements, that's called:
A grant
Work-study
A scholarship
An award
What will students who drop out of college have to do with their student loans?
Pay them off
Forget them
Bankruptcy
Forgive them
Someone who wants to be a plumber or electrician should go to:
University
Military
The internet
A trade school
When it comes to picking a college, look for one that is:
Affordable
Well known
A big name
Out of state
