Vocabulary.
family life cycle.
Protecting your fincanial securtiy
vocabulary part 2.
fincanial securtiy part 2.
100
A developing family, with children growing into middle childhood and early teens
What is parenting family.
100
Ages 45-54 Middle Aged parents Kids leaving for college
What is Launching Family.
100
Making personal information available that can lead to identity theft Not securing life, health, and property to minimize risks of crimes and emergencies Not following Internet safety practices
What is Failure to Protect
100
The stage of retirement and wealth consumption, money given to chosen ones
What is wealth distribution.
200
failure to be informed
What is failure to be informed.
200
Ages 55-64 Pre-retirement family No kids at home (empty nest)
What is Mid- year family.
200
expecting you to pay up front in order to receive full information about a product or service
What is vague.
200
Not asking questions, discussing purchases, saying “no” when needed
What is failure to communicate.
200
Winning bid in auctions-
What is chain letter.
300
Typical stages of life for individuals and families.
What is Individual and Family Life Cycles
300
Grandparents raising their grandkids Never getting married Adopting kids after your kids are raised Taking care of elderly parents
What is Variations.
300
states that you have won a valuable prize, but need to pay a processing fee to claim the prize
What is sweepstakes letter.
300
Families that do not follow the “typical” life cycle stages
What is variations
300
you pay the bid amount, but never receive the item bought
What is Winning bid in auctions-
400
Hiding information; hiding the truth.
What is concealing information.
400
Ages 25-34 Child-bearing family 1 or more kids
What is expanding family.
400
e.g., accepting money for a stated purpose, then using it for a different purpose; selling a product or service that will not perform as promised
What is lying.
400
A letter asking one to send several letters with money in order to, supposedly, receive money in the mail yourself.
What is chain letter.
500
A scam that usually involves a “get rich quick” chain letter, sending money to others in order to, supposedly, receive money in the mail yourself.
What is pyramid.
500
Ages 18-24 Young adults Newlyweds
What is beginning family.
500
prizes awarded by chance after purchase of ticket; very small chance of winning
What is lottery.
500
The sum total of assets belonging to one person---including money, property, and personal possessions
What is wealth.