Personal Finance
An expression used to describe a person or household whose monthly income is devoted to expenses and has little to no savings
Paycheck to Paycheck
Money owed to another person or company
Debt
Anything that is owned by an individual, including money in the bank or investments
Asset
The total student loan debt owed in the U.S. is currently about how much?
$1.5 Trillion
In this holiday classic, Ralphie’s dad’s “leg lamp” causes quite a stir.
A Christmas Story
Having the knowledge and skills to manage your personal finances.
Personal Finance
A person who purchases goods and services for personal use
Consumer
Financial debts or obligations
Liability
Almost half of all Americans report having less than how much in savings?
$1,000
Originally worn by sailors, these flared jeans became popular on college campuses in the 1960’s and 1970’s (and currently making a bit of a comeback).
Bellbottoms
This allows a person to meet not only their immediate needs but also their long-term goals
A person or entity that charges borrowers interest rates above an established legal rate
Loan Shark
The cost of goods or services; money paid out
Expense
The percentage of Americans who are living paycheck to paycheck is almost:
80%
In the 1980 Winter Olympics, the U.S. Hockey team defeated this country to win the Gold Medal.
Finland
The dollar value of a person's liabilities is larger than the value of their assets
Negative Net Worth
The additional cost a lender charges for borrowing their money
Interest
What a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay
Net Income
Personal finance is 20% head knowledge about money. What's the other 80%?
Behavior
This is the only U.S. state that grows coffee
Hawaii
The dollar value of a person's assets is greater than the dollar value of their liabilities
Positive Net Worth
The amount by which the value of a person's assets exceeds or falls behind the value of their liabilities
Net Worth
The percentage of principal charged by the lender for use of its money.
Credit
This happened after the Stock Market crash of 1929
The Great Depression
The third Saturday in May is this American military observance
Armed Forces Day