Chapters 1&2
The percentage of Americans who live paycheck to paycheck is almost: _____
80%
45% of Americans have less than $1,000 saved for a(n) _____ _____.
emergency fund
If you have ever bought something and then felt guilt or regret later, you've experienced _____
Buyer's remorse
On average, how many years does it take graduates to pay back student loan debt?
20 years
A(n) _____ is someone (typically a child) who relies on you financially.
Dependent
Personal finance is 20% head knowledge about money. What is the other 80%?
Behavior
The First Foundation for a teen is:
Save a $500 emergency fund
A(n) _____ is a person who starts and runs a business.
Entrepreneur
A _____ is financial aid that's based on a student's financial need and usually doesn't need to be paid back.
Grant
The purpose of _____ is to transfer financial risk.
Insurance
A(n) _____ is anything you own that has value.
asset
The three reasons to save money are _____ _____ _____.
an emergency fund
large purchases
build wealth
The main reason why people have trouble being content.
Comparison
Overdrafting your checking account often indicates a sgn of:
Laziness
You shoul buy a life insurance policy that's _____ times your annual salary.
10-12
A(n) _____ expense stays the same from month to month.
fixed
When an asset loses value over time, that's _____.
depreciation
The brain uses the _____ to process and manage stress responses.
amygdala
___ ___ don't have a physical building or a branch manger.
Onlinr banks
The taxes you pay for snacks and other items at a gas station are an example of _____.
Sales tax
Three priorities to your budget, after listing income, are _____, _____ and _____.
giving, saving and spending
The first step of the debt snowball method is to list all your debts from _____ to _____.
smallest to largest
_____ are things you learn in school or with special training to help in your career.
Hard skills
When you compare your spending records with the records from the bank, you're _____ your account.
Reconciling
_____ _____ of every year is called Tax Day!
April 15th