Unit 1 Review
Ch. 2: Budgeting
Ch. 3: Saving
Financial Mysteries
whatever i felt like adding idk
100
"A plan for your money"
Budget
100
"Money set aside for future purposes"
Saving
100
"A savings account set up specifically to be used to cover financial emergencies"
Emergency Fund
100
How many types of Income did we discuss in class?
Four Types
100
would you like these points? or would you like to double it and give it to the next person?
- mr beats
200
"Things that you own (money, property, a car, etc.)"
Assets
200
"Money received for work, as a gift, or through investments"
Income
200
"Interest paid on interest previously earned"
Compound Interest
200
How many types of Expenses did we discuss?
Also Four Types
200
How are you this morning?
thank you for telling me how your morning has been :)
300
"All the decisions & activities of an individual or family regarding their usage, spending, saving, & budgeting of money"
Personal Finance
300
"A cash-flow plan that assigns an expense to every dollar of your income"
Zero-Based Budget
300
"Saving money over time for a large purchase; usually monthly savings"
Sinking Fund
300
Why is it important that we learn about saving and the power of Compound Interest now rather than later in our lives?
Compound interest builds up money exponentionally, so the sooner we start using it and saving with it, the greater our wealth has the potential to be later in life.
300
What date is picture day this year?
Friday, October 3rd
400
What is the second of the five foundations?
Get the heck outta debt
get the heck outta there
400
What type of Income is this?
"Income that comes in at different amounts or at different times, or both"
Irregular Income
400
"A special kind of savings account that comes with a fixed interest rate over a certain amount of time"
Certificate of Deposit
400
What does APY Stand for?
Annual Percentage Yield
400
What is that?
That is a painting
500
"The percentage of principal charged by the lender for use of it’s money"
Interest Rate
500
What type of Expense is this?
"Expense for things you don’t need"
Discretionary Expense
500
What does HYSA stand for?
High-Yield Savings Account
500
What number am I thinking of? :)
it was 68
500
I caught a fish! What kind of fish is it??
it was a bluegill
bluegigi is acceptable
