Financial Literacy 1
Things that would be nice to have, but you can live without
What are wants?
The knowledge and application of various financial skills
What is financial literacy
What is the first rule of savings and investing?
Pay yourself first.
Financial institution that holds cash, lends money and provides other money services
What is a bank?
A bank account that lets you write checks, pay bills and do other personal money tasks
What is a checking account?
A bank account that pays you interest on the money you put into it
What is a savings account?
A portion of money paid to the government out of your paycheck to help pay for things like schools, hospitals, roads, and other services that benefit the country?
What is income tax?
Using tablet or smartphone to do your banking
What is mobile banking
A thing that is borrowed, especially a sum of money that is expected to be paid back with interest
What is a loan.
Name 2 ways to improve your financial literacy?
Start budgeting, read about finances, take a personal finance class, set financial goals
What is a career
A list from a bank of all the transactions you made in a month
What is a bank statement
Dealing with your needs first, then your wants
What is good money management?
The maximum amount of credit a financial institution extends to a client on a credit card?
What is a limit.
What is a name for a retirement account?
What is a pension, 401k, IRA
A safety net that protects you from unexpected accidents or problems in exchange for a payment.
What is insurance.