Financial literacy flashcards
What is the 50/30/20 rule?
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What's the difference between a need and a want?
What is cash flow?
Why should you track your spending?
What is zero-based budgeting?
What's the avalanche method?
What's the snowball method?
What is a credit score?
What's the difference between good debt and bad debt?
What is APR?
How much emergency fund do you need?
What is a high-yield savings account?
What does "pay yourself first" mean?
Why automate your savings?
What is the opportunity cost of not saving?
What is compound interest?
What is an index fund?
What is diversification?
What is risk tolerance?
What is dollar-cost averaging?
Why is "time in the market" better than "timing the market"?
How do you research your market rate?
What is total compensation?
What is anchoring in negotiation?
Why have multiple income streams?