Step 2
is the second step on setting financial goals.
What is Make a Financial Goal?
is the third step on setting financial goals.
What is paying off all of your debts?
is the fourth step on setting financial goals.
What is keep tabs on current affairs?
is the fifth step on setting financial goals.
What is use a financial planner?
is the system of buying goods and services with payments at a later time.
What is credit?
is a deposit account held at a financial institution that allows withdrawals and deposits.
What is checking account?
is a lender who makes loans to customers to pay off multiple creditors
What is debt consolidator?
What does PIN stand for?
Personal Identification Number
Mention at least 5 financial planning apps you can use.
1. You Need A Budget
2. Personal Capital
3. Mint
4. Tiller
5. Acorns
6. MoneyDance
7. EveryDollar
8. Wally
9. Goodbudget
10. CountAbout
is the amount borrowed or charged when using credit.
What is principal?
is an interest-bearing deposit account held at a bank or other financial institution.
What is savings account?
Is an informal term for a provider of high-interest loans to people who can’t get conventional loans.
What is a loan-shark?
What are the 5 ways in which you can invest?
1. Microsaving Apps
2. A Roth IRA.
3. Savings and checking accounts
4. An index mutual fund
5. Investing in a business
What's the main difference between a need and a want?
A want is more expensive than a need.
is the length of time transactions are counted toward a single monthly bill. This period typically ranges from 28 to 31 days, and it can depend on the issuer.
What is billing cycle?
What are the four different types of savings accounts?
certificates of deposit, money market accounts, standard savings accounts, individual retirement accounts
Is an office that provides high-interests loans guaranteed by the amount of your next paycheck.
What is check-cashing center?
What are the three types of cards? Describe each.
ATM cards, debit cards, credit cards
ATM cards- find use to withdraw cash and make basic banking transactions at ATMs located in many places.
debit cards- do everything ATM cards do but can also be used for purchases at retail stores and online sites.
credit cards- let you borrow—take a cash advance—from your credit card issuer.
What are the 5 needs stated in Maslow's Hierarchy of Needs (starting from the bottom to the top)?
physiological, safety, love/belonging, esteem, sel actualization
What does APR stand for and what is it?
the most important piece of information is the annual percentage rate. The APR is an interest rate stated as the percentage charged on the unpaid balance of the debt for the period of one year.
What do you have to do to protect your savings from yourself?
1.Don´t mix savings.
2.Transfer money regularly.
3.Make it hard to get to your savings.
4.Save automatically.
is a company that loans cash at interest and keeps personal items as security until the loan is paid-off.
What is pawnshop?
What things do you need to open an account?
•Photo identification.
•Money for an initial deposit.
•Address and phone number.
•Name and address of a relative and reference.
What does an ad need to be succesful?
•Get your attention.
•Make you want your product.
•Persuade you to buy the product.
•Tell you where you can get it.
•Have NO spelling, grammar, nor pronunciation errors!
•Use the information gotten from the market research.
•Last from 20 to 30 seconds.
What do you have to do to avoid paying interests when using credit?
Pay the full amount on or before the due date.