Budgeting
A budget helps track this.
What is income and expenses?
Saving $500 for a car is this kind of goal.
What is a short-term goal?
This is a share in the ownership of a company.
What is a stock?
A bond is a loan made by an investor to this type of borrower.
What is a government or corporation
Using cash envelopes for spending is an example of this budgeting method.
What is the envelope system?
Retirement savings is usually considered this type of financial goal.
What is a long-term goal?
This major U.S. stock market index includes 30 large public companies like Apple and Nike.
What is the Dow Jones Industrial Average (Blue 30) ?
This is the amount of money a bondholder receives when the bond matures.
What is the face value (or principal)?
What is the main advantage of the pay yourself first method?
What is guarantee money goes into savings
A goal that is Specific, Measurable, Achievable, Relevant, and Time-bound is called this.
What is a SMART goal?
This is the place where stocks are bought and sold, like the NYSE or NASDAQ.
What is a stock exchange?
This type of bond is issued by cities, states, or local governments to fund public projects like schools or roads.
What is a municipal bond?
What does the 50 in the 50/30/20 rule stand for?
What is savings.
This account is commonly used for saving for college.
What is a 529 plan?
This term describes a period when stock prices are generally rising and investor confidence is high.
What is a bull market?
Bonds are generally considered (riskier/less risky) than stocks.
What is less risky?
This is the first thing you should do before creating a budget.
What is track your income and expenses?
Name two tools that can help track progress toward financial goals.
What are budgeting apps and spreadsheets?
This person buys and sells stocks on behalf of investors.
What is a stockbroker?
This type of bond does not pay interest but is sold at a deep discount and pays its full value at maturity.
What is a zero-coupon bond?
what is 15% of 360$.
What is $72?