key terms
having a(n) blank means the
amount of your liabilities is
larger than the value of your assets.
negative net worth
What is the percent of Americans living paycheck to paycheck
80%
Living on less than you make means not . .
spending all of your money
American culture and businesses have
convinced consumers that using blank
is normal.
credit
Blank means
having the knowledge and skills to
manage your personal finances.
Financial literacy
The total student loan debt owed in the
U.S. is currently about how much?
$1.5 trillion
When talking about personal finances,
always remember that you will either
manage your money or the lack of it will
always manage you
what is the first of the 5 foundations
save $500 for emergencies
as a blank,
it‘s up to you to
make choices about what you buy and use.
consumer
Personal finance is 20% head knowledge
about money. What‘s the other 80%?
behavior
A(n) blank is anything you own that
has value.
asset
whats the third foundation
pay cash for your car
blank is a fee charged for using
borrowed money for a purchase.
Interest
Almost half of all Americans report having
less than what in savings.
$1,000
Knowing your is the
starting point for a fi nancial plan.
net worth
what is the last foundation
build wealth and give
relates
to all of the different money decisions you
make each day.
personal finance
The Five Foundations provide a simple blank
to help you win with money.
When it comes to your money goals, in order
to have clarity and a powerful reminder to
keep you on track, you need to
write them down
what are the 5 foundations?
The Five Foundations: 1. Save a $500 emergency fund. 2. Get out and stay out of
debt. 3. Pay cash for your car. 4. Pay cash for college. 5. Build wealth and give.