Credit became more socially acceptable after this major world event
What is World War I?
Foundation #2
What is getting out of and Staying out of debt?
You should always have this
What is a budget?
These are the two financial personalities
What is a saver and/or spender?
The Saver personality tends to be more this...
What is Strict with their money and not spend any of it?
This FDR program was meant to promote economic recovery and social reform.
What is the New Deal?
Setting aside at least $500 dollars.
What is an Emergency Fund?
Creating a plan for where you want to go
What are financial goals?
To determine you net worth you have to do this...
What is subtracting your liabilities from your assets
How you handle you money is affected by...
What is your money personality?
True or False? Borrowing increased after WWII
What is True?
Not taking student loans
What is paying cash for college?
Personal finance are decisions made by these people
What are individuals or families?
Personal finance is 20% _________ and 80% ________
What is Head knowledge and behavior?
Not being in debt leads to this...
What is financial freedom?
In 1972, this association made borrowing money to attend college much easier than it had been
What is the The Student Loan Marketing Association (SLMA)?
Not Financing your car
What is paying cash for your car?
Making the right choices with your money—managing your money—involves knowing how . . .
How to earn, budget, spend, save, and give your money?
A rule for managing your finances should include living according to this formula?
What is living on less than you make?
The knowledge and skill base necessary for people to be informed consumers and manage their finances effectively
What is Financial Literacy?
True or False? Banks got into the credit business before 1920 because charging exceptionally high interest rates was lega
What is False?
Stewarding your money well
What is investing and giving generously?
The best way to avoid running out of money too quickly is...
What is making it a habit to plan and set goals for your money?
An important money principle to consider is that you should ________and________ your money
What is Save and Invest?
The five foundations are an example of this...
What is a personal financial action plan?