Personal Finance Flashcards
1
Q
Where is Personal Finance dependent?
A
budgeting, insurance, mortgage planning, savings and retirement planning
2
Q
What Personal Finance analyze?
A
current financial position, projecting short-term and long-term funding, executing a plan
3
Q
It is PRIMARILY DEPENDENT on
A
one’s earning, cost of living, personal goals and wants
4
Q
is the result of the choices we make rather than the income we earn
A
Financial Insecurity
5
Q
Four Basic Economic Activities of Consumer
A
Earnings
Spendings
Savings
Borrowing
6
Q
Factors Affecting Earnings
A
Career Choices
Ability to Find Employment
Ability to Advance
Earnings
Standard of Living
7
Q
It includes financial decisions and activities of an individual
A
Personal Finance
