Positive Trends
A side hustle is...
a second job or hobby that bring in income on top of your daily job.
An extremely common loan that is taken out according to current personal finance trends is the...
car loan.
A traditional economy is...
An economic system that revolves around traditional and ancestral practices to produce goods and services that are shared within the community which in turn creates less reliance on money.
You must be this old to own a credit card in Canada...
18
An example(s) of a mixed economy country...
Canada
an account that lets you make more interest on your savings than a normal savings account.
A trend that can cost you extra money if you are unaware of conversion rates is...
international money transfer.
A mixed economy is...
An economic system where government intervention and free market coexist.
This label lets you know that a product has been made in an ethical way and the workers have been compensated correctly for their labor...
Fairtrade certified
An example(s) of a traditional economy...
Indigenous hunting and gathering communities.
A travel credit card is...
a credit card that gives you points and discounts based on your spending and travel bookings.
Landfills and thrift stores are overflowing thanks to this trend...
Fast fashion, micro-trends, and shopping at your fingertips.
Communism is...
An economic system where class does not exist and everything is owned communally. Wealth, property, and success are also shared equally.
To know whether a purchase you are debating will be worth your money and won't end up in the landfill, you should ask yourself...
do I see myself using this in the future or is it just a trendy item right now?
An example(s) of a communist economy...
Soviet Union, North Korea
Three examples of a personal finance app are...
Apple Pay
PayPal
Budgeting Apps
Investing Apps
Banking Apps
AI has began to be integrated into personal finance via (3 things)...
online banking, budgeting apps, investment decisions, fraud detection.
Capitalism is...
An economic system built on the idea that private ownership and an open market is the best way to organize production and trade, due to profit driving it and competition keeping things fair.
The major argument for billionaires being ethical is...
many are self made or have inherited money. A small percentage have come into their profits in unethical ways.
An example(s) of a capitalist country...
Singapore
The decline in interest rates has caused two things...
people jumping at the opportunity to sign on at the lower rates.
people waiting out the rates to see if they decline further.
These three trends have to do with overspending on unecesary items for single uses...
-weddings
-themed parties
-general overconsumption
Socialism is...
An economic system where the government owns major industries but still allows for citizens to own small businesses while focusing heavily on social welfare and equality for its citizens.
The major argument for billionaires being unethical is...
with such a large amount of money comes a large amount of power, is it truly ethical for a single person to have such a status?
An example(s) of a socialist country...
Norway