Money (Part 1)
This natural resource from the ocean was used as money before paper bills or metal coins.
What are seashells?
The amount of money you will have to pay back if you take out a loan. The original amount you borrowed is called the "Principle."
What is interest?
You should always do this when you start and finish cooking.
What is wash your hands?
This type of pan is useful when cooking something delicate, like eggs.
What is water?
In the 50/30/20 budget, this amount of money is set aside for needs.
What is 50%?
In the 50/30/20 budget, this amount of money should go into savings.
What is 20%?
What is the blade?
This type of pan can do almost anything! But, if you don't take good care of it, it will rust.
What is cast-iron?
When cleaning knives, it is important to rub on this side of the blade, lest you cut yourself.
What is the backside of the blade/dull side of the blade?
This organization regulates the US Dollar and manages its value.
What is the Federal Reserve?
The current US Dollar is not backed by gold or any other precious metal. As such, it is known as this kind of currency.
What is a fiat currency?
What is 165 Fahrenheit?
You should always be careful with this, and be sure to wash your hands after handling it.
What is raw meat?
When the Federal Reserve lowers interest rates, it becomes much easer to do this thing, which might be helpful if you intend to buy a house or car.
What is get a loan?
This retirement account lets you avoid paying taxes on your income now, with the promise that you will pay them later.
This retirement account allows you to pay taxes on your income now, with the promise that your investments will grow tax free.
What is a Roth IRA (or Roth 401(k))?
This French term is used for the brown crust that forms on the bottom of stainless steel pans when cooking meats. It can be used to make a wonderful pan sauce!
What is fond?
When making a soup, all you need is some ingredients, some water, a pot, and what?
What is time?
This can lead to money becoming more valuable, but will cause higher unemployment.
What is deflation?
What is a 504 Plan?
When investing, avoid so called "actively-managed funds" and go for these simple funds that manage your stocks and bonds with minimal fees.
What is an index fund?
What is temperature?
This French term is used to describe a mixture of onions, carrots, and celery that is used in most soups and tons of dishes.
What is a Mirepoix?
In Erikson's Stages of development, he argued that everybody faces one of these in every stage of life. An example would be somebody in stage 7 facing a mid-life crisis.
What is a crisis/challenge?