Accounts
Saving
Education
Pitfalls and Dangers
Vocabulary
100
A rule of savings that means you put aside money first, and then spend.
What is pay yourself first?
100
Repairs to your bike are an example of this.
What is an unexpected expense?
100
These are the requirements to graduate high school.
What are the "a-g" requirements?
100
This occurs when you owe people money.
What is debt?
100
This is money that you take out of your account.
What is a withdrawal?
200
This account earns interest.
What is a savings account?
200
Going to a free concert in the park instead of paying to go to one is an example of this.
What is spending wisely?
200
These exams are required for applications to four year colleges.
What are the SAT/ACT?
200
Failure to complete these can delay high school graduation.
What are the "a-g" requirements?
200
This is the money initially placed into a saving or checking account.
What is the principle?
300
You can write checks from this account.
What is a checking account?
300
You use this to collect change and watch it build up over time.
What is a penny jar?
300
This is used to determine what financial aid you are eligible for from the federal government.
What is FAFSA?
300
Not filling this out on time can prevent you from receiving financial aid.
What is FAFSA?
300
This is when income is equal to spending.
What is a balanced budget?
400
This account type has a higher interest rate, but funds are less accessible.
What is a certificate of deposit?
400
This is the recommended percentage of your income that you should save.
What is 10%?
400
Federal Government Grants and Loans and California Grants are examples of this.
What are financial aid/resources?
400
You go into debt when you do this.
What is spend more than you earn?
400
This refers to how easy it is to access your money.
What is liquidity?
500
This account provides principal security and a modest interest rate
What is a savings account?
500
A new video game is an example of this.
What is a want?
500
People trying to trick you out of your money is an example of this.
What is a scholarship scam?
500
Not taking these can prevent applying to any UCs or CSUs.
What are the ACT and SAT?
500
This is money that you place into your account.
What is a deposit?
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