Page 1 Flashcards

1
Q

banks got into the credit business before 1920 bc

A

false

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1
Q

Making the right choices with your money-

A

Earning, budgeting, saving, spending, and giving affect your money

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2
Q

you should always make sure you have a…

A

budget

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3
Q

to gain understanding of your personal finances, you should know

A

where you stand financially, how much income you have

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4
Q

What is the first foundation

A

save $500 emergency fund

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5
Q

Personal finance is all the financial decisions a(n)

A

Individual or family

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6
Q

avoiding debt can lead to financial freedom and hope

A

true

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7
Q

After WWI, the demand for products increased

A

Started to become more socially acceptable

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8
Q

Money principle is to live off

A

less than what you make

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9
Q

to know your net worth subtract your liablilities from your

A

assets

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10
Q

Savers have a tendency to be

A

strict with their money

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11
Q

What is the best way to avoid running out of money too quickly

A

You can make it a habit to plan and set goals for your money

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