Banking
What is the name of a place where you can open a checking or savings account?
Bank
What is a budget?
is a plan for how to spend and save money
What is health insurance?
This type of insurance helps cover doctor visits and hospital stays
What is health insurance?
This type of insurance helps cover doctor visits and hospital stays.
What is buying a stock?
This is the term for buying part of a company through the stock market.
Automated Teller Machine
What is the term for money left after paying taxes and essential expenses?
is disposable inc
What is auto insurance?
If your car is damaged in a crash, this insurance covers the repair cost
What is auto insurance?
If your car is damaged in a crash, this insurance covers the repair cost.
What is a bond
A type of investment with fixed interest, often issued by governments or companies
What’s one common budgeting rule that splits income into 50%, 30%, and 20% categories?
the 50/30/20 r
What is a premium?
This monthly or yearly payment keeps your insurance active
What is a premium?
This monthly or yearly payment keeps your insurance active.
What is diversification?
This is the term for spreading your money across different investments to reduce risa
Which type of bank account typically earns interest over time?
Savings account
What psychological effect can cause someone to overspend because of a good deal or sale?
the scarcity or urgency effect
What is a deductible?
The amount you pay out-of-pocket before insurance kicks in
What is a deductible?
The amount you pay out-of-pocket before insurance kicks in.
What is an IRA or 401(k)?
This type of account lets you invest money for retirement with possible tax benefits
What’s the difference between a bank and a credit union?
What is a bank is for-profit, while a credit union is non-profit and member-owned
What is a financial goal and why is it important in budgeting?
}What is a target for how to manage or grow money, helping guide saving and spending decisio
What is life insurance
This insurance protects your family financially after your deat
What is life insurance?
This insurance protects your family financially after your death.
What is a mutual fund?
This is a group of stocks or bonds managed together, often used by beginner