Classroom Policies and Procedures
The number of points deducted each day an assignment is late.
10
This money personality doesn't like making financial decisions, puts them off even though they are important.
Avoider
This should be one of your first steps in comparison shopping.
Decide which features you care about most
One downside of borrowing money from family or friends.
An example of an unexpected expense you might use an emergency fund to pay for?
Broke down car, air conditioner, etc.
Stolen phone, computer...
This signal indicates you need to leave the room (eg. bathroom, water...)
Two fingers held up
A deduction from the usual cost of something is called a...
Discount
This is a reason why stores offer "buy one, get one free" deals to their customers?
Great deals convince customers to buy things they don't need and stay loyal to the store or brand
A key difference between credit and debit cards
Credit cards allow you to borrow money to pay for things, while debit cards take money straight from your own checking account
Any time you get paid, set aside some portion to save before you do any spending is called.
Pay Yourself First
This is the only liquid allowed in the classroom.
Water
The price at which an item is sold is...
Sales Price
What will you find on a restaurant receipt?
Date, restaurant, tip, total, itemized list of order, etc.
The best way to avoid going into large debt on your credit card.
Pay your full balance every month
If you have money in your checking or savings account and the bank goes out of business, you are guaranteed to get your money back up to a certain limit if your bank has this...
FDIC insurance
The number of tardies to trigger a recess or after school detention.
Four
"Spender" money personalities tend to...
Spend money carelessly
One piece of information you will find on a bank statement?
Purchases and deposits you've made in the previous month, etc.
One factor that impacts your credit score.
Payment history, mix of credit, length of credit history.
One BENEFIT of using a savings account instead of a checking account.
Interest earned, etc.
Three categories of grades in Financial Literacy
Major, Minor, Classwork
One's personal judgement about what is important in life
Values
A transaction that would reduce the amount of money you have in your checking account.
ATM withdrawal, transfer, check written, debit purchase.
The meaning of the word "principal when discussing a loan, such as a college loan or auto loan.
The total amount you borrowed
Things you will need when you open your first savings account.
Proof of address, social security card, an adult if you're under 18, identification.