Learning the language of money is not that important because you will be able to depend on financial planners to manage your money

Most Americans like using credit when it comes to buying big-ticket items like furniture for their home

Since you are a teenager, what you do now with money will have little effect on your financial future

Most Americans today are wealthy and have financial security when they retire

When developing a personal financial plan, of the first things you should do is assess your current financial situation

The credit system today is structured to accommodate a state of uncertain employment and income stability, utilizing high interest rates and fees to turn huge profits.

Expensive houses and new cars are a true indication of wealth

Having debt keeps you from building wealth

True financial security is achieved when your money beings to generate an income, your money starts working for you

When it comes to saving money, the amount you save is determined by hose much you have left at the end of the month once all of your spending is done

An interest-bearing account is an account that generates interest income based on the available balance in the account

When you are in high school, you won't ever need an emergency fund

Your emergency fund should be kept in the same place as your spending money

A fully funded emergency fund is 3-6 months of expenses

You should not invest for retirement until you have paid your college loans

You save for 3 basic reasons: emergency funds, purchases, and vacations

Americans have a negative savings rate which means they spend more than they save

Your emergency fund is considered an investment

Your income level greatly affects your saving habits

Saving over time means you will never tend to go into debt

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