Saving & Budgeting
This is a monthly plan for how you will save and spend your money.
BUDGET
Money borrowed that must be repaid is called.........?
DEBT
Plan that we make before we open the business is....
BUSINESS PLAN
Saving is for short or long term.
SHORT TERM
A person who buys goods and services is called this.
Consumer
What is an emergency fund?
Money set aside for unexpected expenses is called this.
This card only allows you to spend money already in your bank account.
DEBIT CARD
A person who starts and operates a business is called....?
Entrepreneur
Stealing someone's personal information to commit fraud is called this.
IDENTITY THEFT
What is advertising (marketing)?
Companies use this to persuade people to buy products.
The difference between what you own and what you owe is called this.
Net worth
The fee charged for borrowing money is called this.
INTEREST
Payment for work , usually calculated in periods of an hour.
WAGES
Investments that represent small pieces of ownership in a company
STOCKS
Buying something because of emotions instead of need is often called this.
Impulse buying
What is compound interest?
Interest earned on both your original money and previously earned interest is called this.
This score measures how lenders view your history with debt.
CREDIT SCORE
What is compensation package?
The total pay and benefits received from a job.
Name two ways to protect yourself from identity theft.
Using strong passwords, protecting personal information, monitoring accounts, or shredding documents
Bait and Switch means ?
Advertising a lower priced item to get customers and then offer them a more expensive item.
Name the three basic reasons for saving money.
Emergencies, purchases, and wealth building
Name two ways to pay for college without taking student loans.
Scholarships, grants, work-study, or paying cash
The money left after expenses are subtracted from income is called ......?
PROFIT
The rate at which the prices for goods and services rise.
INFLATION
Buying decisions based on preference to always purchase a certain type of product from a particular brand.
BRAND LOYALTY