Personal Finance Vocab 101

Money that you earn from work or allowance -- "money IN"

Money owed to another person or company

Anything you own that has value.

Is it possible for you to build the financial future and life that you want?

Anyone who uses or buys a product or service

Fee charged when you borrow money

Who is responsible for how your money is handled?

Knowing your _______________ is the starting point for a financial plan.

Personal finance is 20% knowledge and

American culture has convinced (us) consumers that using credit is

The KNOWLEDGE and SKILLS to manage your personal finances

The cost of goods or services; money you pay for things -- "money OUT"

What does it mean to be intentional?

You will either manage your money or your money will

What percentage of Americans live paycheck to paycheck?

All the financial decisions made to earn, budget, save, spend, and give money

Any financial debt or obligation (money owed to someone)

As a __________________ it‘s up to you to make choices about what you buy and use.

Debt does NOT open doors -- it....

Learn how to manage your money now so you can avoid common financial mistakes

A financial plan is basically

When monthly income is devoted to expenses and has little to no savings