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personal finance

study tool for tests

QuestionAnswer
What is one way you can achieve your financial goals? SMART goals
How to find net worth subtract the assets from the liabilities
How to find simple interest principal x rate x time
What is one reason budgeting matters it avoids debt and overspending
Define the 50/30/20 budget 50% is for needs 30% is for wants 20% is for savings
What is a fixed expense remains the same every month
What is a variable expense changes from month to month
What are savings money set aside for future use, often put into a savings account
Why is an emergency fund important put money back for savings in the case of unexpected costs like a sudden job loss or car repair.
What do the letters in SMART stand for specific, measurable, achievable, relevant, time-bound
Cognitive bias example Status Quo Bias
Created by: user-2019140
 

 



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