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SAVING
INVESTING
WEALTH BUILDING
COLLEGE FUNDING
BANKING
100
$1,000 in an emergency fund
What is Baby Step #1?
100
To spread around.
What is diversification?
100
An after-tax investment that grows tax free.
What is a Roth IRA ?
100
An after-tax college fund that grows tax-free for educational purposes.
What is an ESA (Educational Savings Account)?
100
A record of all transactions made that affect the balance of your checking account.
What is a check register?
200
Withdrawals that help you build discipline in savings
What is pre-authorized checking?
200
A piece of ownership in company stock.
What is a share?
200
Investing 15% of income for retirement.
What is Baby Step #4?
200
A manager of a child's UTMA account until he/she reaches age 21.
What is a custodian?
200
A person, persons, company, fund, or position written in Pay to the Order of allowing transfer of money to them.
What is the payee?
300
Earning interest on interest.
What is compound interest?
300
Profits that a company distributes to its shareholders
What are dividends?
300
The calculation for determining the amount of time it will take to double your investment.
What is Rule of 72?
300
Save for your child's education using tax-favored plans.
What is Baby Step #5?
300
A form filled out when opening an account that authorizes your signature on a check.
What is a signature card?
400
Whatever will go wrong will go wrong.
What is Murphy's Law?
400
The availability of your money.
What is liquidity?
400
The best thing to do with your retirement plan when you leave a company.
What is direct transfer?
400
Pre-Paid Tuition, Savings Bonds, Insurance
What are the 3 "nevers" in saving for college?
400
Authorization for allowing your employer to deposit your paycheck directly into your bank account.
What is Direct Deposit?
500
The approach used instead of borrowing to purchase things.
What is a Sinking Fund?
500
As the risk goes up in investments, the return should go up.
What is risk return ratio?
500
A shelter from taxes on any type of investment.
What is an IRA?
500
A plan where your money is working for you, either tax-deferred or tax-free.
What is a Tax-Favored Plan?
500
Abbreviation for Electronic Funds Transfer
What is ET?