Investing
Putting money away for later use
What is a savings account?
The amount you pay upfront when buying a car.
What is a down payment?
Name a Credit Card Company
What is Visa, Capital One, Chase, American Express, and Citi, etc.
A plan for how you will spend and save your money.
What is a budget?
The teacher who teaches Personal Finance at Minnewaska
Who is Mrs. Palmer?
An investment that lets you purchase a portion of a company.
What is stock?
The extra cost you pay when borrowing money to buy a car is usually expressed as a percentage.
What is interest?
The cost of borrowing money on a credit card.
What is interest?
Money you earn from a job, allowance, or gifts.
What is income?
The 9-digit number that is given uniquely to each US citizen.
What is a social security number?
A type of investment where you lend money to someone and they promise to pay you back with interest.
What is a bond?
The amount of a loan that is charged as extra, usually expressed as a percentage.
What is Interest Rate?
The fee charged when you don't pay your bill on time.
What is a late fee?
Money you spend.
What is expenses?
Spending more than you can repay can lead to this problem.
What is debt?
Type of investment done with a group of investors that pool their money
What is a mutual fund?
The interest rate for a car loan.
What is 5-21%
Paying your bill on time makes this higher.
What is a credit score?
Expenses that stay the same each month.
What are fixed expenses?
The name of the guy who has an online course we sometimes use in class.
Who is Dave Ramsey?
The strategy of spreading your investments among different types of assets to reduce risk.
What is Diversification?
When a car loses value over time
What is depreciation?
The total amount you currently owe on your card.
What is a balance?
Expenses that can change from month to month.
What are Variable expenses?
When someone uses your personal information to get something.
What is identity theft?