PF

 You need to track everything that involves money, including . . .

Which of the following has the lowest risk for getting your card information stolen?

There are certain things, like renting a car or booking a hotel room, that you cannot do without having a credit card.

it is possible to pay for college with cash

how often should you create a budget

A life insurance policy for a specific period of time is called:

personal finance is 20% __ and 80% __, so it is my behavior that primarily affects my finances.

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

Credit cards that offer flashy rewards like airline miles often . . .

you should budget in this order: giving, savings, spending

___ is a millionaire's best friend

to budget with a(n) ___, prioritize expenses from most to least important so your most important expenses are covered

youll have less freedom with your money if you...

Which of the following types of insurance is NOT recommended for a young single adult?

Creating a budget, having clear money goals, and slowing down to think through a purchase are all practices of a ___.

your money personality can affect your ___

Any insurance with cash value or that combines insurance with investments is a good idea.

Which of the following is part of the formula that determines a person's FICO score?

How you spend and give your money . . .

What is the digital marketing strategy that tracks users across the web?

When you buy with credit, you typically spend more than you would with cash or a debit card.

The initial amount of money you deposit or invest is called the principal.

debt is a tool to use to make you wealthy

Credit unions are sometimes called traditional banks.

the purpose of insurance is to ___

an important money principle to consider is that you should ___ and ___ your money

a budget says what will happen with your money, while a cash-flow statement shows what already happened.

the first priority in your budget under "expenses" should be ___

What three questions is the brain always asking?

You can never be too safe- there is no bad insurance.

The ___ is the total amount of the car loan, plus taxes and fees.

Loans that directly help you advance in life, such as student loans, are acceptable debts.

the primary reason people don't budget is because they lack the behavior to stick to the budget

Which is an example of an appreciating asset?

what is a way to stay accountable to reaching your financial goals?

Full coverage on your auto insurance will include all of the following except ___. 

what are the four walls?

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

avoiding debt can lead to financial freedom and hope

what is the envelope system?

If you see a charge you don't recognize, you should report it to your bank immediately.

what does a budget show you

___ will often cause you to spend more than you've budgeted for a category.

if you get married, only one person is responsible to budgeting

Credit card companies make the most profit from ___

the best way to budget is

when you use cash, you end up spending less

It's your right as the consumer to . . .

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

what kind of money counts as income?

In order to outpace inflation when investing, your investments need to have lower rate of return than rate of inflation

irregular income is income that comes in at different amounts or at different times, or both

every month your budget is going to be exactly the same

Liquidity is . . .

An easy way to avoid ending up with errors in your checking account is to simply . . .

Most millionaires make over $100,000 a year.

one of the main reasons we build wealth is so that we can...

If people saved a car payment each month for a year or two they could have enough money to buy a car with cash for much

It's your responsibility to know about all of the ___ before choosing a bank.

Who/what reports on a person's credit history?

commission is when you make money based on the percentage of ___

why is budgeting so important

Which of the following policies would be a duplicate coverage for your health insurance policy?

Credit isn't a wealth-building tool, it's a business that makes money for ___.

You won't find contentment by just continually buying stuff.

Make sure your bank has plenty of ___ and ___.

With certificates of deposit (CDs), you have to pay a penalty for ___.

___ is all the ways the value of a product or service is communicated.

When looking over your credit report, it's important to make sure . . .

A debit card, ATM access, payroll direct deposit, and checks are basic features of ___.

a __ financial goals takes up to two years to reach

With online banks, all of your deposits, transfers, and bill payments happen digitally, but...

Stay away from overdraft protection.

___ is a fee charged for using borrowed money for a purchase

Comprehensive coverage takes care of damage to your car that is not caused by a collision.

marketers have sophisticated technology and plans to get your money, what can you do to make sure you don’t fall trap?

what is financial literacy

A clothing store credit card is an example of revolving credit.

The most common way for people to use their ___ is through their debit card. 

your monthly rent payment is an example of a variable expense

Credit Unions differ from retail banks because they typically require membership based on specific criteria.

Why should you never buy the extended warranty?

The FDIC and NCUA keep your money in the bank insured up to _ per account.

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

Why does brand recognition help businesses?

Always buy long-term disability insurance.

If you're a victim of card fraud . . .

Appreciating who you are and what you have instead of wanting what your friends have is called ___.

Setting up ___ is the best way to make sure your paycheck makes it to your bank account safely. 

Your emergency fund should go in your checking account, NOT a money market account.

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

A car is a depreciating asset.

Making purchases with a credit card means that youre borrowing money with interest and __ pay much higher interest rates

if you have an irregular income, budgeting wont work for you

why is tracking your expenses throughout the month important?

research shows that nearly half of Americans feel stress and anxiety about the amount of ___ they have

When someone steals and uses your debit or credit card info, that's called ___.

Which type of insurance protects you if you're the victim of a hit-and-run accident?

Part of being a smart consumer is being able to . . .

Banks and lenders use credit scores to determine . . .

personal finance is all the financial decisions a(n) ___ must make in order to earn, budget, save, spend, and give money

Which of the following is NOT a recommended way of lowering your car insurance premiums?

as a single adult, you should...

What's the main reason why people have trouble being content?

net income is the amount you get paid before taxes

Verifying your bank's online account statements for accuracy is called ___.

if your assets total more than your liabilities, you will have a(n) ___ worth

the only place you should keep your emergency fund money is...

whats your biggest wealth-building tool?

Following the Five Foundations will help you to, one day, become self-insured.

As the owner of your account, managing your money is ___ responsibility.

Distrust, unemployment, and bank fees are a few excuses people give for...

For disability insurance, a longer elimination period will lower your premium cost.

Stuff doesn't equal ___. Debt makes people look better off than they ___.

what is the fifth foundation

When deciding on the bank for you, you should identify what type of bank wanted, the features that matter to you, and _

being a spender has many more positives than being a spender

Overdraft protection sounds like a good idea . . .

why do stores rarely advertise the full price of big purchases like smartphones?

what is a good way to make sure you're creating a budget that's realistic

People that are struggling with money will turn to alternative financial services

when is the right time to start creating and living by a budget?

the first step you should take when you want to make a large purchase is ...

if you really want to save money, you've got to...

what are the Five Foundations?

Leasing a car is a method of financing where someone ___.

the best way to build wealth is to start investing early. you should start investing money...

You will always need life insurance.

how many categories should you have in your budget?

which principles says that a certain amount of money today is worth more than the same amount in the future?

Your brain uses the ___ to process and manage stress responses. 

How does our brain generally respond when we are faced with a threat?

Some of the services banks offer include . . .

If you've ever bought something and then felt guilt or regret later, you've experienced ___. 

A bank can help you ___your money and keep it ___.

Which type of insurance do you need once you have dependents who rely on your income?

The key to contentment is gratitude.

once you're out of school, have started your career, and have zero debt, your emergency fund should have __

Once you turn 18, you should regularly check your credit report . . .

Disability insurance if not necessary if you have a good health insurance policy.

without any debt, you can be outrageously ___

Credit card companies charge stores a 2–3% fee for every purchase made with credit cards. This is called a(n) . . .

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

a cash-flow statement is a written plan for giving, saving, and spending

what should you do if you overspend in one category of your budget

Balancing your checking account is a lot like working on your budget because . . .

Reading the owner's manual, using the product as intended, and keeping the receipt are ways to . . .

compound interest is earned at a fixed rate, while ___ is an average based on an investment's past performance

after WW1 the demand for products increased, people began getting credit without loan sharks. Because of this credit...

as an effective marketing strategy, companies pay a lot to...

What is one way to practice power over purchase?

Term life insurance should be avoided because the policy will expire and it has no savings plan built into it.

how many months does it usually take for your budget to start working as a budget should

what does living paycheck to paycheck mean

online budgeting apps are more effective than budgeting with pen and paper

Overdrafting your account is a sign of diligence and responsibility.

Which of the following is NOT a recommended way to save on your health insurance premium?

Companies use marketing to get your prefrontal cortex offline so you'll be vulnerable to impulse purchases.

while saving money isn't easy at first, it will make your life a lot ___ in the future if you make it a habit now

How often can you request a free credit report from each of the three main credit bureaus?

Renter's insurance is not necessary if you don't have a lot of expensive things.

A debit card linked with your checking account is a good option for regular spending.

Something that all of the predatory financial services have in common is ...

Why do stores like scan and go options, apps, and one-click purchases?

You should buy a life insurance policy that's ___ times your annual salary.

which of these would count as a legit reason to use your emergency fund?

Which of the following would not be a huge financial risk if you had a full emergency fund of $500 or more?

Good identify theft protection includes restoration services.

Before you insert your debit card at the gas pump, you should always . . .

Disability insurance offered through your employer is usually the most expensive coverage option.

It's okay to make an online purchase if you're on unsecured Wi-Fi, as long as you log off as soon as you're done.

What is the best way to avoid falling into debt?

the amount of interest charged on a debt but not yet collected is called...

While it may not always appear so, the majority of Americans live paycheck to paycheck.

When you finance a new car, you will end up paying more than the sticker price.

detailed categories in your budget will help you make better spending decisions

The smartest way to buy a car is to ___.

A credit score is an indicator of how well someone pays off their debt, not how well they handle money.

based on their definitions, which type of expenses are wants, not needs, since they are non-essential expenses?

Extra liability coverage on top of your homeowners and auto insurance is called ___. 

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

You should always make sure you have a...

Who is someone who relies on you financially? This is typically a child.

You should avoid any bank service that leads to . . .

Something that credit card commercials don't show you is . . .

once you have a $500 emergency fund, you should...

Why is paying for something in cash a better option than mobile pay even if it isn’t as convenient?

its not IF an emergency will happen, but ___

A person becomes self-insured when. . .

You can remain on your parents' health insurance plan until you are ___ years old.

Shoe companies can use influencer marketing to build brand recognition to gain credibility and familiarity.

Banks invest their customers' deposited money and then . . .

make sure your budget includes a miscellaneous category

your money personality impacts...

a money principle to keep in mind is to live on ___ you make

If you prefer great customer service and lower fees...

a common misconception is budgeting will keep you from having fun, when in reality a budget...

Predatory lenders get their negative reputation from . . .

___ require the borrower to put up collateral for the loan.

A(n) ___ is a person that uses a product or service