Savings Account
Financial Security, reduces stress on money, earn interest, control over your finances, develop good financial habits early.
What are the benefits of Saving?
Are issued to deliver monetary compensation to employees biweekly or monthly in a variety of methods
What's a Paycheck?
An individual who likes to save money rather than spending it.
What's a Saver?
When buying a house.
What's a Long-Term goal?
When you own a piece of a company
What's buying stock?
An account offered by a bank in order for you to save money and earn interest on it.
What's a Basic Savings Account?
A document provided to employees every pay period on how much an employee was paid.
What's a Paycheck Stub?
An individual who spends on themselves and others rather than saving it.
What's a Spender?
When buying a car.
What's a Mid-Term goal?
When you lend money to a company or the government.
What's a Bond?
Offers higher interest rates than a regular savings account, but interest rates are variable and can change.
What's a High-Yield Savings Account?
The total amount an employee is paid after all voluntary and mandated deductions are removed.
What's Net Pay?
An individual who invests money on high-risk ventures.
What's a Risk Taker?
When paying for a vacation.
What's a Short-Term Goal?
When you own a building for profit.
What's Real Estate?
Provides a combination of checking account and regular saving account features, as well as debit card and check-writing privileges.
What's a Money Market Account?
A document that verifies the identity and eligibility of an employee to work in the US.
What's a Form I-9?
An individual's belongings in a financial sense.
What are Assets?
Separates needs from wants in order to save money for short to long term goals.
What's a budget?
The amount of risk a investor is willing to take.
What's Risk Tolerance?
Holds your money for a fixed amount of money for a fixed amount of time, and in exchange, the bank pays for interest.
What is a Certificate of Deposit?
A mandatory document to be completed upon the hiring of an employee.
What's a W-4 Form?
What are common budgeting strategies?
Specific, Measurable, Achievable, Relevant, Time-bound
What are SMART Goals?
Economic outlook, Global events, Technological developments, inflation, and geopolitical issues.
What are the factors affecting investment values?