Living Withing Your Means
Saving and Investing
Planning for College
Credit & Debt
Entrepreneurship
100
Designer jeans is an example of a: - Need - Want
What is a want?
100
What you earn by saving money in a bank, credit union, or other financial institution.
What is Interest?
100
This form of financial aid may cover the cost of tuition, room and board, and other expenses (you usually have to compete to get this)
What is a Scholarship?
100
This kind of card takes money out of your checking account immediately when you use it, you use it instead of writing a check.
What is a debit card.
100
These people decide to start their own companies and work for themselves. Bill Gates and Steve Jobs are successful examples of these.
What are entrepreneurs.
200
The roadmap of your income and expenses that will guide you to live within your means.
What is a budget.
200
A type of account that allows you to earn more interest than a usual savings account, but you have to keep your money in the account for a certain amount of time before you withdraw it.
What is a Certificate of Deposit, or CD.
200
These types of loans are used to pay for college, and you only have to start paying them back after you graduate.
What is a Student Loan
200
This report shows lenders your history of paying bills, how much money you borrow, and if you're trustworthy to lend money to.
What is a credit report.
200
This document outlines the target population, need for product or service, estimated earnings, and risk factors associated with owning ones own business.
What is a business plan
300
The amount of money you get in your paycheck after taxes are taken out.
What is net income.
300
When your paycheck is automatically electronically deposited into your checking account.
What is Direct Deposit.
300
The more education you have the better the odds are that you will be employed and remain employed compared to others with less education. This is called...
What is Employability
300
Lenders use this number (the higher the better) to figure out the interest rate they charge you when lending you money.
What is a credit score
300
This requires discipline, hardwork, dedication, and risk.
What is entrepreneurship
400
These can change over time and can change from going to school, to getting a job, to owning a home...
What are goals.
400
Buying one of these means that you own a part of a company or corporation.
What is a stock.
400
If you want to be an electrician, mechanic, or a plumber, this is the kind of school you should attend after high-school.
What is a trade school.
400
This is the amount of money that you owe to someone (bank, credit cards, etc)
What is debt
400
This factor largely determines if people will want and buy a product.
What is demand.
500
S.M.A.R.T. stands for...
Specific, Measurable, Attainable, Realistic, Timely.
500
When the stock marketing is going up and stocks are earning money.
What is a Bull Market.
500
This savings account is specifically for education, and you won't be taxed on the money you withdraw from this kind of account as long as it is used for higher education.
What is a 529 savings plan.
500
This document provides all the details regarding a credit card- it outlines the interest rate, late fees, and any other terms and conditions. It is THE best source of information about your credit card and shouldn't be thrown away.
What is a credit card agreement
500
Office rent, supplies, staff salaries, advertising- these are all examples of:
What are operating costs.
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