Saving & Investing
Best described as setting aside money for future use.
What is saving?
Borrowing money now and paying later.
What is credit?
A financial plan for managing money.
What is a budget?
Helps you compare value between products.
What is unit price?
This crime involves using someone else’s personal information for financial gain.
What is identity theft?
Differs from saving because it can go up OR down in value.
What is investing?
This measures your risk level to lenders.
What is a credit score?
Assets minus liabilities = ?
What is net worth?
Money returned after purchase.
What is a rebate?
This action warns lenders that you may be a victim of fraud.
What is a fraud alert?
A rise in general price levels over time.
What is inflation?
Using more than 30% of your credit limit does this.
What is hurt your credit score?
Expenses that stay the same each month.
What are fixed expenses?
Applies immediate discount at checkout.
What is a coupon?
A method criminals use that involves physically taking discarded personal documents.
What is dumpster diving?
This happens when inflation is higher than your interest rate.
What is losing purchasing power?
Assets used to secure a loan.
What is collateral?
Income minus expenses = ?
What is cash flow?
Total cost including maintenance and usage.
What is cost of ownership?
A method of stealing card information using a device on ATMs or card readers.
What is skimming?
Spreading money across stocks, bonds, and real estate.
What is diversification?
A last-resort legal process to eliminate debt.
What is bankruptcy?
When actual spending differs from your plan.
What is budget variance?
Fake emails asking for personal information.
What is phishing?
Identity theft can cause:
What is financial damage?