Personal Finance and You
A History of Credit and Debt
It's time for a Change
The Road to Financial Success
Financial Literacy
100

Money owed to another person or company.

What is Debt?

100

Banks did not get into the credit business before 1920 because 

What is "charging exceptionally high interest rates was illegal"?
100

You should always make sure you have a 

What is "budget"?

100

Save a $500 emergency fund.

What is the "First Foundation"?

100
Subtract your liabilities from your assets.

What is "Net Worth"?

200

A person or organization that uses a product or service.

What is Consumer?

200

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"?

200

Live on 

What is "less than you make"

200
Without debt you can be outrageously 

What is "generous"?

200

The knowledge and skill base necessary for people to be informed consumers and manage their finances effectively.

What is "Financial Literacy"?

300

You will either manage your money or 

What is "the lack of it will always mange you".

300

The purpose of this program was to promote economic recovery and social reform.

What is "The New Deal"?

300

Stay away from 

What is "Debt"

300

A financial goal that takes up to two years to reach.

What is "Short-Term"?

300

Stick with their money and not spend any of it.

What are "savers"?

400

Self-control is 

What is "emotional maturity"

400

Using credit has not always been a socially accepted practice, but it has become

What is "Normal in American Culture"?

400

Your decisions from today forward will affect not only your life, but your 

What is "Legacy".

400

Build wealth and give

What is the "Fifth Foundation"?

400

When it comes to money, you are either 

What is "a spender or a saver"?
500

Making the right choices with your money-managing your money-involves knowing how

What is "Earning, budgeting, saving, spending, and giving affect your money".

500

In 1972, this association made borrowing money to attend college ugh easier than it had been.

What is "The Student Loan Marketing Association (SLMA)?

500

This % of Americans report they have less than $1,00 in savings.

What is "44".

500

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.

500

Net Worth

What is "what you own minus what you owe"?