Two measures of wealth: income and
what is net worth
What are the main purposes of the 5 foundations?
Stay out of debt / Save money
People identify with one of two main money personalities.
Are you a spender or saver?
Anything that is owned by an individual
what is Assets
How should you pay for your car and your college?
Cash
When you're married, someone should be in charge of the financial decision making.
Should both spouses be in charge?
A _____ net worth is when you owe more than you own
what is negative
How much money should someone your age have in an emergency fund?
$500 (at least)
Are you a spender or a saver?
A high ___ is more important than a high income
what is high net worth
Generosity is not just about giving money, it's a ____ quality
Character
A percentage of teens said that their parents were worried about money.
Did 54% of teens say this?
A plan of action that allows a person to meet their needs and goals
what is Financial plan
What should you be doing in order to be free of debt?
Save more, Spend less.(good decisions)
Did 39% of teens say this?