Vocab
Vocab 2
Key Components
Key Components 2
Random
100
A person that buys/uses goods or services
Consumer
100
A system in which goods & services are produced & distributed
Economy
100
The first Key Component is to:
Assess your financial situation
100
The last Key Component is:
Replace money myths, with money truths
100
Who is the man speaking in the videos?
Dave Ramsey
200
Your money personality is a ____________ if you like to keep your money for later
Saver
200
Your money personality is a ____________ if you choose to use your money right away
Spender
200
The second key component is to:
Set money goals
200
The 3rd component is to:
Write a detailed plan for accomplishing your goals
200
What is the name of this course? (NOT economics)
Personal Finance
300
A fee paid by a borrower to the lender for the use of borrowed money
Interest
300
A debt evidenced by a "note," which specifies the: principal interest rate & date of repayment
Loan
300
The 5th component is to:
Know your money personality
300
The 4th component is to:
Follow your plan
300
When it comes to managing money, success is about _____________ head knowledge
20%
400
The granting of a loan & the creation of a debt
Credit
400
An obligation of repayment owed by one party to a second party
Debt
400
The 6th key component is to
Regularly monitor & reassess your plan
400
At this level of financial well being, you live "Paycheck to paycheck"
Survival
400
When it comes to managing money, success is about _______________ behavior
80%
500
All of the decisions of an individual or family regarding their money
Personal Finance
500
The knowledge & skillset necessary to be an informed consumer & manage finances effectively
Financial Literacy
500
At this level of financial well-being, you have a small monthly surplus that you save.
Comfort
500
At this level of financial well-being, your wealth now generates your income.
Secure
500
What is Dave's daughter's name?
Rachel Cruz
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