I
Having a(n) _______ means the amount of your liabilities is larger than the value of your assets.
Negative Net Worth
________ means having the knowledge and skills to manage your personal finances.
Financial Literacy
12th President
Zachary Taylor
______ is a fee charged for using borrowed money for a purchase.
Interest
American culture and businesses have convinced consumers that using _____ is normal.
Credit
_____ relates to all of the different money decisions you make each day.
Personal Finance
Net Worth
A(n) _____ is anything you own that has value.
Asset
When talking about personal finances, Dave Ramsey says, "You will either manage your money or the lack of it will...
always manage you"
When it comes to your money goals, in order to have clarity and a powerful reminder to keep you on track, you need to...
Write them down
Personal Finance is 20% head knowledge and 80% _____.
Behavior
Living on less than you make means...
Not spending all your money
The Five Foundations provide a simple ____________ to help you win with money.
Action Plan
Almost half of all Americans report having less than _____ in savings.
$1,000
The First Foundation
Save $500 in an emergency fund
You should always make sure you have a _________.
Budget
Someone who is strict with their money and doesn't spend any of it is a _________.
Saver
An important money principle to consider is that you should ______ and _______ your money.
Save and invest
This association made borrowing money to attend college much easier than it had been.
This type of financial goal takes up to two years to reach.
Short-term
The percentage of Americans living paycheck to paycheck is almost...
80%
The Fifth Foundation
Build wealth and give
The total student loan debt owed in the US is currently about how much?
$1.5 trillion
These should be specific, measurable, time-sensitive, yours, and written.
Financial goals
As a(n) ________, it's up to you to make choices about what you buy and use.
Consumer