Earning
A tool needed to earn money.
What is reading a paycheck?
What is writing a resume?
What is interviewing for a job?
What is negotiating?
What is knowing your worth?
What is understanding deductions?
Where teens get over half of the money they spend.
What is from parents?
Saving a predetermined amount of money from each paycheck.
What is Paying Yourself First?
Keeping money and personal interests safe
What is protecting?
Type of plan using multiple budgets
What is Financial?
Wages before taxes and other deductions.
What is Gross Pay?
Teens spend over 40% of their money on these two items.
What are food and clothing?
This is the term for accumulation of excess funds by intentionally spending less than you earn
What is saving?
Name the 2 different depository institutions
What is a bank and credit union?
The term used when you spend more money than you have in your bank account
What is an Overdraft?
A retirement savings account.
What is a 401K?
What is one benefit of saving?
What is saving money for bigger things and for emergency's?
Cash set aside to cover the cost of unexpected events.
What is emergency savings?
Name one acronym for the company that provides insurance for depository institutions
What is FDIC or NCUA?
A plastic card that is electronically connected to the cardholder’s depository institution account
What is a Debit Card or ATM Card?
Allows you to set aside before tax portions of your pay for things like childcare and medical expenses.
What are Flexible Spending Accounts?
What do teens waste money on each day
What is coffee,Pop, or donuts?
Financial security will allow for less ___________ and less ___________ _________________.
What is stress and negative emotions?
This depository institution is run for-profit and open to anyone who would like to open an account.
What is a bank?
A sum of money approved for temporary use
What is a Loan
Going to school, engaging in practice, and doing on the job training are all ways in which you can raise your...
What is human capital?
Spending can also be bad. Name one cost (hard part) of spending
Less money, not enough money for something you need, waste your savings?
Why Save?
What is present self impacts your future self?
Name 3 ways a credit union is different from a bank.
What is:
Not-for-profit – owned by members-profit – owned by
Have membership qualifications – members must share a “common bond”
Offer many services but usually not as many as a bank
Are often able to pay higher interest rates and charge lower fees
Some assets can be turned into cash very quickly, others are more complex and take longer.
What is liquidity?