Personal Finance and You!
The financial decisions an individual or family must make in order to earn, budget, save, spend, and give money over time.
What is Personal Finance?
The granting of a loan and the creation of debt; any form of deferred payment.
What is Credit?
The person who is in charge of your money.
Who is yourself?
Anything that is owned by an individual, including money in the bank or investments.
What is an asset?
Money owed to another person or company.
What is Debt?
The percentage of principal charged by the lender for use of its money.
What is an Interest Rate?
A principle that will keep you out of debt and help you save money.
What is living on less than you make/budgeting?
A financial debts or obligation.
What is a liability?
A person or organization that uses a product or service.
What is a Consumer?
A person or entity that charges borrowers interest rates above an established legal rate.
What is a Loan Shark?
A written "game plan" for your money.
What is a budget?
What a person earns after payroll taxes and other deductions are taken out.
What is Net Income?
An expression used to describe a person or household whose monthly income is devoted to expenses and has little to no savings.
What is living Paycheck to Paycheck?
A major event that caused many Americans to lose their jobs, making them to be unable to pay off their debts.
What is The Stock Market Crash of 1929/The Great Depression?
An emotion many teens and young adults associate money with.
What is stress/worry?
The amount by which the value of a person's assets exceeds or falls behind the value of their liabilities.
What is Net Worth?
The percentage of Americans who use all of the money they they get from one paycheck just to make it to the next.
What is 80% of Americans?
A program passed by President Franklin D. Roosevelt designed to promote economic recovery and social reform and help working-class Americans get back onto their feet.
What is the New Deal?
44% of Americans have less than this amount of money in their savings.
What is $1,000?
A plan of action that allows a person to meet not only their immediate needs but also their long-term goals.
What is a Financial Plan?