Budgeting
A realistic plan for spending limited amounts of money. You can make a calendar, and a spreadsheet to track your spending.
What is Budgeting?
An additional percentage of money that has to be paid back when borrowing money, or additional money that can be earned in a savings account
What is Interest?
The ability to BORROW money to pay for goods or services
What is Credit?
A unit of stock, indicating ownership of part of a company
What is a Share?
I am on the $1 bill
Who is George Washington?
What do you call it when you have an allowance from home, money from jobs on campus, savings for college, grants, and scholarships.
What is Income?
What is the amount of money that you actually borrow?
What is Principal?
True or False
Everyone can get a credit card?
What is False?
You invest in a company by buying a share or shares of a company, therefore becoming a part owner in that company
What is a Stock?
I am on the $100 bill
Who is Benjamin Franklin?
An expense that does not change when handling your finances, for example (College room and board, campus housing, car payment and insurance, Health Insurance).
What is a fixed expense?
Money given to you paid off by the government. Usually better than a loan.
What is a Grant?
True or False
Can you have more than one credit card?
What is True?
A retirement plan offered at many workplaces, allowing you to add money from your paycheck for retirement savings
What is 401K?
I am on the $5 bill
Who is Abraham Lincoln?
Mr. Tevin's favorite college football team
What is Florida State Seminoles?
A number assigned to a person that indicates to banks or lenders their ability to repay a loan
What is Credit Score?
Located in New York City, it's the world's largest stock market exchange, where shares of stock are traded
What is the New York Stock Exchange?
I am on the $2 bill
Who is Thomas Jefferson?
Money that is not spent and has intentionally been set aside to use later
What is Savings?
True or False?
Loans are effective in establishing credit because they are initially investments, and cross with your career.
What is True?
What is money charged to amount you borrowed?
What is Annual Percentage Rate (APR)?
A group of investment holdings, usually made up of stocks, bonds and/or cash
What is a Portfolio?
I am on the $50 bill
Who is Ulysses S. Grant?