Duplicate of money management

Question 1

Why did credit become a thing in the first place?

Accepted Answer

credit laws relaxed, the demand for big ticket items was very high, people liked the idea of buying now, and paying later

Question 2

credit is easy to use and isn't risky

Accepted Answer

true

Question 3

Debt keeps us from having...

Accepted Answer

wealth

Question 4

which is better/ smarter?

Accepted Answer

debit cards

Question 5

anatidaephobia is the fear of....

Accepted Answer

a duck watching you

Question 6

personal finance is...

Accepted Answer

80% behavior and 20% knowledge

Question 7

a "normel" American family has how much debt?

Accepted Answer

about $15,000

Question 8

why weren't there many credit lenders before 1917?

Accepted Answer

laws made high interest rates illegal, lending money wasn't profitable

Question 9

the new deal policy helped....

Accepted Answer

mortgage and consumer polices

Question 10

How are Americans being outsmarted

Accepted Answer

They are being told that debt is "normal"

Question 11

learning the language of money is not important

Accepted Answer

false

Question 12

The goal is to become the _________ of your money

Accepted Answer

expert

Question 13

when you follow the Dave Ramsey program you are not allowed to have any fun. ever.

Accepted Answer

false

Question 14

the hardest part of being smart with your money is...

Accepted Answer

managing your behavior

Question 15

who offered loans with very high interest payments? (illegally)

Accepted Answer

loan sharks

Questions 15