Personal Finacisl Chp 1

Question 1

Baby step 1

Answer 1

$1,000 in emergency fund($20,000 = $500)

Question 2

Baby step 2

Answer 2

Pay all debts except the house utilizing the debt snowball

Question 3

Baby step 3

Answer 3

Three to six months expensive in savings

Question 4

Baby step 4

Answer 4

Invest 15% of your household in come into both IRAs and pre tax retirement plans

Question 5

Baby step 5

Answer 5

College funding

Question 6

Baby step 6

Answer 6

Pay off your home early

Question 7

Step 7

Answer 7

Build wealth and give

Question 8

Seven baby steps

Answer 8

Are the steps you should take to reach financial peace

Question 9

Live paycheck to paycheck

Answer 9

70% of consumers

Question 10

United States saving rate

Answer 10

-.6%

Question 11

Percent of American save regular

Answer 11

41%

Question 12

Must become a priority? You should first pay what?

Answer 12

Savings, yourself

Question 13

What is it about to saving money

Answer 13

Emotion and contentment

Question 14

Money is..?

Answer 14

Amoral

Question 15

Three basic reason you should save money

Answer 15

1 emergency fund
2 purchases
3 wealth building

Question 16

This will always happen?

Answer 16

Emergencies

Question 17

Great place to keep your emergency is

Answer 17

Money marketing

Question 18

Money marketing

Answer 18

Account from a mutual fund company

Question 19

Your emergency fund is not an … it is …?

Answer 19

Investment, insurance

Question 20

Emergency fund is your …. savings priority?

Answer 20

First

Question 21

The second thing you save money for?

Answer 21

Purchases

Question 22

Instead of BORROWING to purchase, pay cash by using?

Answer 22

Sinking fund approach

Question 23

Third thing you save money for us?

Answer 23

Wealth building

Question 24

Is a key ingredient when it comes to wealth building

Answer 24

Discipline

Question 25

PACs

Answer 25

Pre authorized checking

Question 26

A good way to build in discipline

Answer 26

PACs withdrawal

Question 27

Is a mathematical explosion

Answer 27

Compound interest

Question 28

How to calculate compound interest

Answer 28

FV=PV(1+r/m)mt

Question 29

Compound interest is

Answer 29

Interest paid on interest previously earned

Question 30

Rate of return or interest rate is important

Answer 30

.

Question 31

Teens agree it’s important to me to have a lot money in my life

Answer 31

81%

Question 32

Only .. of teens say they know how to invest money to make it grow

Answer 32

22%