Saving
Budget
Investing
Vocabulary
MISC
100
Placing money within a bank.
What is saving?
100
The amount of money you get per a set period of time
What is income?
100
Most popular stock exchange in the United States
What is the New York stock exchange?
100
Your philosophy on how you use money.
What is a financial philosophy?
100
A tool to record transactions.
What is a transaction recorder?
200
Spending more than you earn, not saving income, and having rising debt.
What is Living above your means?
200
Events that cause you to lose money.
What are expences?
200
Putting money into anything that could earn more.
What is Investing?
200
How risky you are with putting money into stocks or saving.
What is risk tolerance?
200
Document about cash inflows that a company receives.
What is a statement of cash flow?
300
Spending the same as what you earn, saving some of your income, and not having rising debt.
What is Living Within your means?
300
Recomended to have at least 200$ in, used for emergencies.
What is an emergency fund?
300
An amount of a stock bought.
What is a share?
300
A written sheet of paper that details and is used in a purchase.
What is a check?
300
A rule stating that to find the number of years it will take to double your money at a given interest rate; you divide the compound return into 72.
What is rule of 72?
400
Spending below what you earn, saving your income and not having debt.
What is living beneath your means?
400
Expences that you have to pay over a period of time.
What are fixed expences?
400
Money accounts with higher interest than saving accounts, but have to pay to take out money.
What is a CD?
400
An investment strategy which tries to balance risk and reward by apportioning a portfolio’s assets.
What is asset allocation?
400
A signature by the creator of an instrument such as a check that enables any holder of the instrument to assert a claim for payment.
What is a blank endorsement?
500
Mint, a savings calculator, college savings planner, and an energy savings calculator.
What are financial tools?
500
Having more money than you need/extra money.
What is a surplus?
500
3.00, comes with every stock.
What is a trade fee?
500
P (loan amount) x I (interest rate) x N (duration of loan)
What is simple interest?
500
A financial statement that summarizes a company’s assets, liabilities, and shareholders’ equity.
What is a balance sheet?
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