PF Class Chap 01 - Intro

When you set financial goals, they should be . . .

Savers have a tendency to be . . .

To gain an understanding of your personal finances, you should know . . .

To know your net worth, subtract your liabilities from your _____.

In 1972, what association made borrowing money to attend college much easier than it had been?

What are The Five Foundations?

Using credit has not always been a socially accepted practice, but it has become . . .

It is possible to pay for college with cash.

Your money personality impacts . . .

Franklin Roosevelt passed the New Deal because of the Great Depression in 1930s. What was the purpose of this program?

You are either only a natural saver or a natural spender. You cannot have a balance of both.

If your assets total more than your liabilities, you will have a(n) _____ net worth.

Personal finance is all the financial decisions a(n) _______ must make in order to earn, budget, save, spend, and give.

What is The Fifth Foundation?

You should always make sure you have a…

After World War I, the demand for products increased & people got credit without loan sharks. Because of this, credit…

As a single adult, you should . . .

An important money principle to consider is that you should _____ and _____ your money.

Being a spender has many more positives than being a saver.

Making the right choices with your money—managing your money—involves knowing how . . .

Avoiding debt can lead to financial freedom and hope.

A money principle to keep in mind is to live on _______ you make.

What is the best way to avoid running out of money too quickly?

Personal finance is 20% _______ and 80% _______.

What is financial literacy?

A _____ financial goal takes up to two years to reach.

What is The First Foundation?

Banks got into the credit business before 1920 because charging exceptionally high interest rates was legal.