The Five Foundations
This is the specific dollar amount for the First Foundation (a beginner emergency fund).
What is $500?
This is "interest paid on interest previously earned," often called a mathematical explosion.
What is compound interest?
According to Biblical principles, this is the true owner of all your "stuff."
Who is God?
In modern America, this five-letter word is unfortunately synonymous with being "broke."
What is "Normal"?
Personal finance is only 20% head knowledge; the other 80% is this.
What is behavior?
These are the three basic reasons to save money.
What are emergency funds, purchases, and wealth building?
In the story of Ben and Arthur, this person ended up with more wealth because they started earlier.
Who is Ben?
This 7-letter term describes someone who manages another person’s property or resources.
What is a steward?
During this decade, debt became a consumer product as banks found ways to circumvent lending laws.
What are the 1970s?
Dave Ramsey says that if you can control the person you see here, you can be successful with money.
What is the mirror?
This approach involves saving a little bit of money each month for a specific large purchase.
What is a sinking fund?
What is inflation?
This is a persistent rise in the cost of goods and services over time.
Proverbs 22:7 warns that "the borrower is [blank] to the lender."
What is slave?
This 1930s legislative era helped make consumer debt socially acceptable to "help" the economy.
What is the New Deal?
This is the lowest level of financial well-being, where you live paycheck to paycheck.
What is Survival?
Once you are an adult, your emergency fund should grow to cover this many months of expenses.
What is three to six months?
This principle states that a dollar today is worth more than a dollar in the future.
What is the Time Value of Money (TVM)?
This small insect is cited in Proverbs 6:6-8 as an example of working hard and saving.
What is the Ant?
This post-WWII phenomenon convinced Americans that they could "buy now, pay later."
What is the Consumer Revolution (or post-war prosperity)?
This is the highest level of financial well-being, where your wealth generates your income.
What is Secure?
This is the current FDIC insurance limit per depositor, per insured bank.
What is $250,000?
This is the mathematical formula used to calculate the Future Value (FV) of an investment.
What is FV = PV(1 + r/n)nt?
Hebrews 13:5 tells us to keep our lives free from the love of money and be this.
What is content?
This was the "savings rate" reported by CNN Money in 2006, showing Americans spent more than they made.
What is -0.6%?
These are the four themes students reported regarding their attitudes toward money.
What are frustration, role models, pragmatic, and money isn't everything?