Budgeting
A plan that helps you decide how to spend your money wisely
A budget
What is the best university in the world?
The University of Michigan
Money you owe because you borrowed it and need to pay it back
Debt
What is it called when you buy pieces of a company to invest in them?
Stocks
Savings
Putting money aside for future use
Saving
If you don't have a big college budget, what is a more budget friendly option?
Community College
If you are given an interest free loan of 65 dollars, and you pay back 5 dollars a week, how long until your debt is repaid?
13
Why do people invest?
To grow money
What is an account that you put money in that you plan on using?
Checkings
Money that you should have on standby in case something goes wrong
A payment (money) made to a student with the goal of supporting their education
Scholarship
What is it called when you have to pay more than just what was loaned to you back?
Interest
If you invest 10 dollars into a stock, and it produces 100% returns, how much money would you have.
20 dollars
A safe place to store your money
A bank
How should you choose between needs and wants?
Always buy needs first and wants after that
General name for your area of study
Major
If you can't pay back a loan, what could end up happening?
Bankruptcy
What do you have to think about when making investment decisions? (Hint: It has to do with the chance an investment does good or bad)
Risk
The money you get in return for working
Income
You have a 100 dollar budget and a pizza slice costs 10 dollars. If you want to feed 6 people, how much money can you save
$40
What is an alternative to college?
Trade School, etc.
Is an 800 credit score Bad, Good, or Excellent?
Excellent
What does "Don't put all of your eggs in one basket" mean in terms of investing?
Diversification
When is the best time to start investing?
Right Now!!!