You!
A goal you want to reach soon, like in a week.
What is a short-term goal?
The money you earn and spend.
What is cash flow?
Things you own.
What are assets?
What is debt?
Essential costs for housing, food, utilities, and transportation.
What are basic living expenses?
Something important to you that affects your money choices, like family or health.
What is a value?
Assets minus liabilities.
What is the formula for net worth?
A rental property or real estate purchased for the purpose of making money.
What is investment property?
Ways to go into debt.
What are loans and credit cards?
Things that determine your choices about how you live.
What are personal values?
Things you need to consider before setting your money goals.
What are you needs and wants?
Money you get from things like interest or rent.
What is unearned income?
Things like stocks and bonds that can make you money.
What are investment securities?
Interest.
What is the extra fee you have to pay when you borrow money?
A list of monthly expenses.
What is a budget?
Knowledge of the difference between the things you need and the things you want.
What helps you spend money wisely?
A strategy for managing money and reaching your financial goals.
What is a financial plan?
Stocks.
What is it called when people buy a small piece of a company?
What is a credit rating?
Staying within my budget.
What is a benefit of tracking your monthly expenses?
Knowing if you prefer to save money or spend money.
What is your money personality?
Checking your money situation can help with this.
What keeps you on track with your financial goals?
The difference between owning a part of a company and lending money.
How are equity investments and debt investments different?
To buy things they need or want.
Why do people borrow money?
They can provide tax benefits and fulfill personal values, but must be considered within overall budgeting.
How can giving to charity affect your financial situation?