Question 1

What are the 5 main areas of personal finance?

Accepted Answer

Earnings, spending, saving, investing, and protection.

Question 2

What is the 50/30/20 rule in finance?

Accepted Answer

Spend 50% on needs, 30% on wants, and save 20%.

Question 3

What is personal finance?

Accepted Answer

Managing income, expenses, savings, investments, and financial risks.

Question 4

What is the 70/30 rule in personal finance?

Accepted Answer

Spend 70% of income and save/invest 30%.

Question 5

How can I teach myself personal finance?

Accepted Answer

Read finance books, take online courses, and track expenses.

Question 6

What are the 5 C's of credit personal finance?

Accepted Answer

Character, capacity, capital, collateral, and conditions.

Personal Finance - Online Course