Budgeting
True or False: Paychecks, allowance, and birthday money are examples of income
True
I only need an emergency fund if I am saving up for something specific
False
True or False: By regularly investing my money in a diversified portfolio I can set myself up for financial success
True
True or False – your network cannot help you get a job
False
An expense that stays the same each month or year
Fixed Expense
List three reasons to save
Possible answers include: higher education, new car, home, retirement, emergency fund, lower stress, travel, etc.
An investment that lends money to a government or corporation, often with a fixed interest rate
Bond
The three primary types of compensation
Salary, Hourly, Commission
One of the first steps of budgeting
Write down income and expenses
A 3-digit number that determines how financially responsible you are
Credit Score
A person who owns stock in a company
Shareholder
What is a professional network?
A group of people you know from work, school, or activities who help each other with jobs, learning new things, and sharing career advice.
A method to save money by dividing cash into separate categories for things like food, fun, or clothes, so you know exactly how much you can spend on each
Envelope method
The amount of money you borrow from a lender
Principal
Interest earned on both the original principal and accumulated interest
Compound Interest
List two interview skills discussed
Possible answers include:
Good First Impression, Body Language, Active Listening, Clear Communication, Preparation, Politeness and Gratitude, Ask Questions
In the 50/30/20 Rule, 30% represents
Wants
The most common method for a credit score
FICO Score
A prolonged period of the market declining
(hint: animal)
Bear Market
The type of job compensation structure that can vary significantly paycheck to paycheck
Commission-based