vocab
a person or organization that uses a product or service
What is Consumer
What is the second key of a successful financial plan?
What is set money goals
What is Interest paid on interest previously earned; credited daily, monthly, quarterly or semiannually?
What is compound interest.
How much money should you save for an emergency fund when starting out?
What is $500.
An obligation of repayment owed by one party (the debtor/borrower) to a second party (the creditor/lender); in most cases this includes repayment of the original loan amount plus interest.
What is the first key component of a successful financial plan?
what is Access your financial situation.
what is an emergency fund?
What is Five hundred dollars in readily available cash to be used only in the event of an emergency; the goal of the First Foundation
When should you start saving money for the future?
what is as a teen is the best time to start saving.
A fee paid by a borrower to the lender for the use of borrowed money; typically interest is calculated as a percentage of the principal (original loan amount)
What is Interest
do you have to write it down when you establish your financial plan?
What is Percentage paid to a lender for the use of borrowed money (in debt); percentage earned on invested principal (in investing)?
What is interest rate
What do you need to know before you start saving money?
What is your money personality
A debt evidenced by a "note," which specifies the principal amount, interest rate, and date of repayment
What is a Loan
Seven out of every ten families in America live ________ _to_ _________.
What is Paycheck to Paycheck
What is Five Foundations?
What is the five steps to financial success.
Can anyone become a millionaire in this country?
what is yes.
All of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc.
What is personal finance
It is important that you get to know your money ____________.
what is personality.
What is a Sinking Fund?
What is Saving money overtime for a large purchase.
When you're older and out of school, you'll need to _______ your emergency fund.
what is increase.