Personal finance 1

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Last updated 1:53 PM on 4/10/26
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10 Terms

1
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five foundations what is the 1st?

save 500 dollars for an emergency fund

2
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five foundation 2nd?

get out of debt

3
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five foundation 3?

pay cash for your car

4
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five foundation 4?

pay cash for college

5
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five foundation 5

build wealth and give

6
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financial literacy

The knowledge and skillset necessary to be an informed consumer and manage finances effectively.

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consumer

A person or organization that buys or uses goods and services.

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interest

A fee paid by a borrower to the lender for the use of borrowed money; also, interest earned on deposits.

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SMART goals

Specific, Measurable, Attainable, Realistic, and Time-bound goals.

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personal finance

All financial decisions and activities of an individual, including budgeting, insurance, saving, and investing.