Budgeting
Credit Cards
Saving
Investing
Banking
100
The amount of money earned over a period of time
What is income
100
A card used when cash or debit is not available to you
What is a credit card
100
Putting money away for a rainy day
What is saving
100
Making your money work for you
What is investing
100
The card used to make everyday purchases
What is a debit card
200
Paying for your groceries vs buying a video game
What are needs vs wants
200
The amount of money that must be paid by the due date without penalty.
What is the minimum amount
200
Interest that is accumulated and paid out
What is simple interest
200
The length of time you invest your funds
What is investment period
200
Account used very seldom
What is a savings account
300
Phone calls from a collection company
What is a consequence of deficits
300
The number of days the card balance accumulates
What is the payment period
300
Interest that is accumulated and grows with savings
What is compound interest
300
How much your investment is worth
What is investment value
300
An account used on a daily basis with little to no fees
What is a student chequing account
400
Saving to buy a house
What is a future financial goal
400
Late payments and exceeding your limit affects this
What is credit score
400
Things to consider when making a purchase
What are warranties, quality, (avoid impulse buying)
400
Investing in bonds vs the stock market
What is risk tolerance
400
A member run institution
What is a credit union
500
To ensure financial security
What is the importance of a budget
500
The interest rate per year /12 x balance owed
What is the interest charged per month
500
The golden rules for saving
What are start early and pay yourself first (set up emergency fund, make savings automatic, grow your savings)
500
The golden rule of investing
What is buy low, sell high
500
An understanding of how money works
What is financial literacy
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