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1. To gain an understanding of your personal finances, you should know
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2. Avoiding debt can give you financial peace and a sense of hope for the future.
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3. Why is tracking your expenses throughout the month important?
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4. Why is budgeting so important?
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5. The main reasons you should save your hard-earned money are so you can
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6. What is The First Foundation?
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7. Your monthly rent payment is an example of a variable expense.
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8. The first priority in your budget should be
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9. Why do some accounts, like saving accounts at your local bank, earn interest?
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10. Which two habits are the most important for building wealth and becoming a millionaire?
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11. What is The Second Foundation?
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12. When you buy with credit, you typically spend more than you would with cash or a debit card.
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13. Something that credit card commercials don 1t show you is 1
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14. When you finance a new car, you will end up paying more than the sticker price.
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15. Creating a budget, having clear money goals, and slowing down to think through a purchase are all practices of a ______
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16. Americans spend over $2,100 a year on
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17. The very best investment you can make is in
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18. Job shadowing is a great way to gain experience in a career field.
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19. Many employers will research job candidates 1s social media posts.
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20. Many service industries, including massage therapy, financial services, auto repair, electrical work, and plumbing, don 1t require four-year degrees.
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21. You can fund your education by finding the right mix of
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22. Student loans are a type of cood debt.
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23. When deciding on the right bank for you, you should first identify what type of bank you want, the features that matter most to you, and
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24. You need to track everything that involves money, including
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25. Insurance helps you transfer the
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26. Getting good grades, driving safely, and driving an older car are examples of ways you can 16
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27. Every American who earns an income must file a
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28. Using online tax software or hiring a tax professional are both good options depending on your situation.
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29. What does cost of living refer to?
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30. A leasing contract
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31. When you invest in a mutual fund, you are contributing to a pool of money that will be
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32. _____ is key when it comes to compound growth.
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33. Inflation, deflation, the rate of economic growth, price levels, national income, changes in employment rates, and GDP are all called 6
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34. Economics is a study of
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35. Why is personal finance dependent on behavior?
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36. What are some key components of successful budgeting?
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37. How does planning and saving for your future help you build wealth?
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38. List three ways the credit card industry makes money off of customers.
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39. Interest on balances
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40. Fees (late fees or annual fees)
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41. Transaction fees charged to stores
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42. List some examples of how a thief would commit card fraud.
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43. Skimming at a card reader
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44. Phishing via fake links
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45. Physical theft of card data
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Tissues - Practice Quiz
Spanish alphabet, listening-based assessment