Money owed to another person or company.
What is Debt?
Banks did not get into the credit business before 1920 because
You should always make sure you have a
What is "budget"?
Save a $500 emergency fund.
What is the "First Foundation"?
What is "Net Worth"?
A person or organization that uses a product or service.
What is Consumer?
After WWI, the demand for products increased, and people began getting credit without loan sharks. Because of this, credit
What is "Started to become more socially acceptable"?
Live on
What is "less than you make"
What is "generous"?
The knowledge and skill base necessary for people to be informed consumers and manage their finances effectively.
What is "Financial Literacy"?
You will either manage your money or
What is "the lack of it will always mange you".
The purpose of this program was to promote economic recovery and social reform.
What is "The New Deal"?
Stay away from
What is "Debt"
A financial goal that takes up to two years to reach.
What is "Short-Term"?
Stick with their money and not spend any of it.
What are "savers"?
Self-control is
What is "emotional maturity"
Using credit has not always been a socially accepted practice, but it has become
What is "Normal in American Culture"?
Your decisions from today forward will affect not only your life, but your
What is "Legacy".
Build wealth and give
What is the "Fifth Foundation"?
When it comes to money, you are either
Making the right choices with your money-managing your money-involves knowing how
What is "Earning, budgeting, saving, spending, and giving affect your money".
In 1972, this association made borrowing money to attend college ugh easier than it had been.
What is "The Student Loan Marketing Association (SLMA)?
This % of Americans report they have less than $1,00 in savings.
What is "44".
The Five Foundations (In Order)
What is
1)Save a $500 emergency fund.
2) Get out and stay out of debt.
3) Pay cash for your car.
4) Pay cash for college.
5) Build wealth and give.
Net Worth
What is "what you own minus what you owe"?