|What term describes using assets to accomplish a goal in the present?
|Which of these is the best example of successfully managing a financial asset?
||opening a new savings account
|Which would be most helpful when considering a large expenditure that might require repeating payments?
||creating a budget to consider future income and spending
|Which results are more likely for someone without personal finance skills? Check all that apply.
||higher tax ratesless preparation for emergenciesincreased long-term challenges
|Planning to finance higher education helps people prepare for their financial future because it teaches them about
||funds management and loans.
|This chart shows Dan’s budget:Did Dan stay on budget? Why or why not?
||No, Dan should reduce his discretionary spending.
|In personal finance, what is considered a need?
||something one cannot live without
|Personal finances encompass an individual’s
|In American society, which of these is an example of a want?
|How do long-term goals differ from short-term goals?
||NOT Long-term goals involve more planning than short-term goals do.