Budgeting
What is a budget?
A plan for spending and saving money
What is a credit score?
A number showing how responsibly you borrow money.
What does investing mean?
Putting money into something to help it grow.
What is an entrepreneur?
Someone who starts a business.
What is an emergency fund?
Money saved for unexpected expenses.
What's the difference between income and expenses?
Income is money earned; expenses are money spent.
True or False: Paying bills on time helps your credit.
True
What is a stock?
A small ownership piece of a company.
Name a business a teen could start.
Lawn care, tutoring, content creation, etc.
Why shouldn't you spend every paycheck?
You need savings for future goals.
If you make $100 and spend $70, how much is left?
$30
What happens if you miss payments?
Your credit score can go down.
What is compound interest?
Earning interest on your interest.
What does profit mean?
Money left after expenses.
What is a financial goal?
A money target you want to reach
Name one app or method for tracking spending.
Spreadsheet, notebook, budgeting app.
Why do banks check your credit?
To decide whether to lend money
Which usually grows more over 20 years: saving or investing?
Investing
Why is customer service important?
Keeps customers happy and returning.
What is passive income?
Money earned with little ongoing work after setup.
Why is budgeting important?
Helps avoid overspending and reach goals.
Is a higher credit score generally better?
Yes
Name one long-term investment.
Stocks, ETFs, retirement account, mutual fund.
What's one way to advertise a business?
Social media, flyers, referrals.
What's one habit wealthy people often practice?
Consistent saving, investing, budgeting, or learning.