SAVING
BUDGETING
DEBT
life after high school
Consumer Awareness
100
The Five Foundations of Personal Finance
1. save a $500 emergency fund 2. Get out of debt 3. pay cash for your car 4. pay cash for college 5. build wealth and give
100
what is the number one cause of divorce in America today?
stress and disagreements over money
100
what is a credit report
a detailed report of an individuals credit history
100
what is a FAFSA
a form to determine how much a student could get from financial aid
100
what is financing
to buy an item with credit ; paying over time
200
definition of interest rate
a rate which is either charged on debt or paid on investment accounts for the use of money
200
WHAT ARE SOME WEALTH BUILDING HABITS LIST 2
AVOID IMPULSE BUYING STAY OUT OF DEBT
200
what is a credit card
type of card issued by a bank that allows users to finance a purchase
200
what is a grant
a grant is a form of federal or state financial aid that does not need to be repaid
200
what is buyers remorse
feeling regret or concern after making a large purchase
300
definition of inflation
the persistent increase in the cost of goods and services or the persistent decline in the purchasing power of money
300
what is a budget
a written cash flow plan
300
what is depreciation
a decrease or loss in value
300
what is a work study
a program that allows students to work part time while continuing their studies
300
what is marketing
the process of communicating the value of a product or service to customers
400
compound interest
interest paid on interest previously earned
400
what is a cash flow statement
a summary that shows total income and spending for a given time period
400
what is an annual percentage rate
the cost of borrowing money on an annual basis
400
what is a trade school
a type of higher learning school that specializes on a specific career
400
what is Caveat Emptor
Latin term for "buyer beware"
500
what is a sinking fund
saving money overtime for a large purchase
500
WHAT IS A CARBON CHECK
a copy of each check you write
500
WHAT IS AN ANNUAL FEE
a yearly fee that's charged by the credit card company
500
what is the total estimate of student loan debt unpaid in the US
ONE TRILLION
500
what is the purpose of advertising, there are 3
inform the consumer tease the consumer persuade the consumer
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