What is the general saving rule?
50-30-20
What is a public company?
A company you can buy stock from
Jessica pays her electricity bill. What type of purchase is this?
This is a Need.
What is a budget?
A way to split your money for specific expenses
Where should you put saving?
A bank account (for interest growth)
What is a stock?
Jessica wants to buy a new Board Game. What type of purchase is this?
This is a want
What is spending?
Purchases you make based on your budget
What is interest?
What is the biggest Stock exchange in the US?
The New York Stock Exchange
Jessica purchases a new Car. What type of purchase is this?
This is a need. (Used for transportation to work)
What is savings?
Money you can afford to set aside for the future (like retirement)