Needs and Wants
Is clothing a want?
no
What budget strategy involves putting money into savings first thing before each paycheck
Pay yourself first
What makes a savings account different from a checking account
it collects interest
Who was the first president
George Washington
Mr. Mosebrook's favorite sports team
The Philadelphia Phillies
Is a car a want
a car is a want
What budget is centered around assigning a purpose to every dollar?
the envelope method
what is the difference between a bank and a credit union
a credit union is a non-profit and a bank is for profit
What Pennsylvania Civil War Battle is often cited as the turning point of the war?
Gettysburg
What is Mr. Mosebrook's Favorite Color
Blue
Is housing a want?
Housing is a need
What budgeting strategies is centered around balancing needs, wants and savings
the 50/20/30 method
What is the difference between a stock and a bond
a stock is a share in a company, a bond is a loan, that collects interest
Which President served the longest amount of time in office?
Franklin Roosevelt
Who hired Mr. Mosebrook at the CA
Mr. Hoke
How can a need become a want?
You spend more money than you have to on it
What percentage of your net monthly income should you spend on your housing?
about 30%
What is the difference between stocks and a mutual funds
mutual funds are a series of stocks that a money manager manages whilst a stock is just one share of a company
Which famous Philadelphian is pictured on the 100 dollar bill
Benjamin Franklin
Who is Mr. Mosebrook's Boss?
Mrs. Zahm
Is education a need or a want?
A need
What bill should be paid first
Housing
What is the difference between a Roth IRA and a traditional IRA?
A Roth IRA you pay taxes on the money entering the account and then the traditional IRA you pay taxes on the capital gains
What war ended in 1945?
World War 2
What did Mr. Mosebrook teach originially
Government and Economics