Vocabulary
The promise of a manufacturer or a seller to repair or replace a faulty product within a certain period.
What is Warranty?
What is a Budget?
Perhaps the most common type of credit today.
What is the Credit Card?
To set aside income for use later.
What is Saving?
Buying things that make you feel better.
What is a Danger Signal of impulse buying.
Borrowing money to pay for something now while promising to repay it later.
What is Credit?
It is a good idea to have a little surplus for emergency expenses.
What is the Fourth step in making a budget?
The person who loans someone the money to buy an item.
Who is the Lender?
Name two types of savings.
Bank Savings Accounts
Money Market Accounts
Certificates of Deposit
U.S Savings Bonds
If you see something you're tempted to buy, take a break.
What is a Tip to avoid impulse buying when you see something tempting?
The payment people receive when they lend money, or allow someone else to use their money
What is Interest?
Make a list of everything you spend for a couple of weeks.
What is the First step in making a budget?
An Evaluation of the likelihood of a borrower to default on, or be unable to repay, a loan.
What is a Credit Rating?
Ownership in a company.
What are you buying when you buy Stock?
If you want to save money now what does the require you to do?
To not buy anything that you just see in a store.
A movement to educate buyers about the purchase they make and to demand better and safer products from manufacturers.
What is Consumerism?
Monitor your spending.
What is the Last thing you do in making a budget?
Property, such as a house, car, or other valuable item, that a borrower pledges as security for a loan.
What is Collateral?
Name two types of bonds.
Company Bonds and Government Bonds.
Buying on feelings or emotions without thinking about consequences.
Some companies pay shareholders a portion of company earnings at regular intervals (or periods) based on the number of shares people hold.
What is Dividend?
Spending too much money.
What can making a budget prevent you from doing?
This shows you the cost of making a purchase with credit.
What is APR?
The bond that is considered the safest of all investments.
Items you avoid buying in the check-out lane.
What are Small inexpensive impulse items on display?