GOALS
WHICH WOULD BE A SHORT TERM GOAL, 2 MONTHS, FIVE YEARS, OR 3 YEARS?
2 MONTHS
HOUSING IS AN EXAMPLE OF A.....
NEED
AN ACCOUNT THAT ALLOWS YOU TO DEPOSIT, WITHDRAW, WRITE CHECKS, AND RECEIVE A MONTHLY STATEMENT WITH NO SERVICE CHARGE.
CHECKING ACCOUNT
Jamie had 437.41 in the bank. She spent 46.29 at the grocery store. What is her remaining balance?
391.12
What are the 5 major types of insurance
$25 A MONTH
THE AMOUNT OF GAS YOU PUT IN YOUR CAR IS CONSIDERED WHAT TYPE OF EXPENSE?
VARIABLE
WHICH FINANCIAL INSTITUTE NORMALLY HAS HIGHER INTEREST RATES? PAYDAY LOANS, CREDIT UNIONS, COMMERCIAL BANKS?
PAYDAY LOANS
Nellie earns 10.00 per hour. During this pay period she worked 36 hours. How much was her gross pay?
$360.00
True
SALENA WANTS TO SAVE $2400 OVER THE NEXT 2 YEARS. HOW MUCH WILL SHE NEED TO SAVE EACH MONTH?
$100 A MONTH
HOW CAN YOU CREATE A BUDGET?
USE PERCENTAGES TO SEE HOW MUCH OF YOUR INCOME SHOULD BE SET ASIDE
HOW DO YOU RECONCILE A BANK STATEMENT WITH A CHECK REGISTER?
ADD DEPOSITS, SUBTRACT OUTSTANDING CHECKS FROM THE TOTAL BALANCE ON THE STATEMENT
Pay for work beyond 40 hours a week is called what?
Does insurance protect you from expected or unexpected events?
unexpected
WOULD A TRIP YOU PLAN TO TAKE IN 2026 BE CONSIDERED A LONG TERM OR SHORT TERM GOAL?
LONG TERM GOAL
JOHN WANTS TO BUDGET 20% OF HIS INCOME FOR SAVINGS. IF HE MAKES $1600 A MONTH, HOW MUCH OF WILL HE BE SAVING?
$320
A ____________ IS A FOR PROFIT FINANCIAL INSTITUTION THAT IS RUN BY SHAREHOLDERS.
COMMERCIAL BANK
A fixed amount of money paid to each worker for each item produced is called what?
Piece rate pay
What is a deductible?
An amount you have to pay out of pocket for expenses before the insurance company will pay.
A GOAL THAT TAKES PLACE IN ____ MONTHS OR LESS IS CONSIDERED A SHORT TERM GOAL.
12
A NEW PAIR OF SHOES IS CONSIDERED A....
WANT
A ________ is a nonprofit financial institution that is ran by it's members.
Credit Union
If Jen can make 400 widgets in 8 hours, what is her hourly production rate?
50 widgets per hour
What is medicaid?
A insurance provided by the government for people who cannot afford private health insurance.