Smart Shopping
Ways to Pay
Investing in Yourself
Growing a Business
Your Financial Future
100
Income Fixed Expenses Variable Expenses Taxes Charitable Giving Savings
What should be included in a typical budget?
100
A fee incurred when you take our more money than what is in your bank account
What is an overdraft fee?
100
Something you can learn.
What is a skill?
100
The amount of money a company makes from sales.
What is revenue?
100
Where stocks are bought and sold.
What is the New York Stock Exchange?
200
Designer jeans, food in a vending machine, ice cream, a video game, headphones, cell phone
What are wants?
200
The tax paid to the state government where you live or work based on your income.
What is state income tax?
200
A type of training that is usually focused on hands-on work that prepares you for skilled trades, like plumbing, cosmetology or car repair. This type of training can range in length from a few months to a couple years, and can be completed at community colleges, trade schools, or private schools.
What is vocational training?
200
When you revenue exceeds your expenses.
What is a profit?
200
An interest-earning loan to a company or government for a specific amount of time.
What is a bond?
300
What you give up as a result of choosing one option versus another; a trade-off.
What is opportunity cost?
300
This is withheld from a paycheck and is used to fund government services such as healthcare, national defense, and scientific programs.
What is federal income tax?
300
Measures the number of people who are willing to buy a particular good or service at a given price. In a labor market, it is the number of employers seeking workers for a particular position.
What is demand?
300
The money you earn when you put your money into a savings account at a bank.
What is interest?
300
Interest that’s generated not only from the money you put into an account, but also from the interest you earned on your money.
What is compound interest?
400
The unit price, quality of the product, any available discounts or sales.
What should you consider when deciding between to items when shopping?
400
A three-digit numerical rating of how likely you are to pay off your debts.
What is credit score?
400
A type of degree that normally takes four years of fulltime study, also known as an undergraduate degree.
What is a Bachelor's Degree?
400
A type of savings vehicle in which you put your money away for a certain amount of time, called a term, to allow your principal to earn interest. This savings vehicle traditionally has higher interest rates than a savings account and you must keep the money in this acccount for the entire term or you will pay a penalty.
What is certificate of deposit.
400
How much money you could potentially earn from an investment, and it is usually expressed as a percentage.
What is investment return?
500
Spending that you have complete control over because it is not necessary spending.
What is a discretionary expense?
500
Avoid having to pay interest on credit card purchases.
What is pay the balance due in full every month?
500
To increase the likelihood of increasing your income and employability.
Why should you continue your education and training?
500
An increase in cost of goods and services.
What is inflation?
500
Refers to how easy it is to get at your money.
What is liquidity?
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