Revuew Flashcards
Having a ________ 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
As a _______ it’s up to you to make choices about what you buy and use 
Consumer
_________ is a fee charge for using borrowed money for a purchase
Interest
American culture in businesses have convinced consumers that using _______ is normal
Credit
_______ relates to all the different money decisions you make each day
Personal finance
Knowing your _______ is the starting point for a financial plan
Net worth
A ______ is anything you own that has value
Asset
When talking about personal finances, always remember that you will either manage your money or the lack of it will
Always manage you
In order to get clarity on your money goals and have a powerful reminder to keep you on track you need to
Write them down
The percentage of Americans, who are living paycheck to paycheck is almost
80%
Personal finances, 20% had knowledge about money what’s the other 80%
Behavior
Living on less than you make means not
Spending all of your money
The total student loan debt owned in the US is currently about how much
1.5 trillion
Almost half of Americans report having less than what in savings
1,000
