Chapter 1
The knowledge and skills to manage your personal finances.
What is Financial Literacy
Biggest wealth-building tool.
What is income?
Price of goods and services increases over time.
What is inflation?
Save $500 for an emergency fund.
What is The First Foundation?
Don't have time to go to the hospital.
Who says Ms. Emilee?
Different money decisions you make each day.
What is Personal Finance?
Stays the same from month to month.
What is a fixed expense?
Amount of Americans have less than $1,000 save for an emergency fund.
What is 45%?
Build wealth and be outrageously generous.
What is The Fifth Foundation?
AState was founded.
What is 1909?
Anything you own that has value.
What is an asset.
Different month to month but will always have.
What is variable expense?
What is called buyers remorse?
Pay cash for college.
What is Fourth Foundation?
Make sure to write it on your homework tracker.
Who says Jon Luke?
Percentage of Americans who are living pay check to paycheck.
What is 80%?
Giving, saving, and spending.
What is priorities?
Percentage of gain or loss over time.
Get out of debt and stay out of debt.
What is The Second Foundation?
Non graduation students have to be out of dorms and apartments by this day and time.
What is May 10th at 12pm.
Percentage of head knowledge about personal finance.
What is 20%?
Helpful for expenses like food, gas, entertainment, and shopping.
What is envelope system?
Average rate of growth for an investment over a period of time.
What is compound growth?
Pay cash for your car.
What is The Third Foundation?
Make sure to turn in your ledger.
Who says Ms. Tiffany