Investing
A small part of a company that is bought in shares.
Stocks
A form of payment that is physical and is made of paper. Every one includes a specific U.S. president or a very important figure in U.S. history.
Cash
Interest calculated only on the original amount.
Simple interest
What is the difference between needs and wants?
Needs are essential for life whereas wants are just things that you desire to have.
What snowsport does Mr. Scolaro do?
Snowboarding
What makes more money, $10,000 today or $1 each day that doubles every day for a month?
$1 over time, it will start to increase a lot due to compound interest and end up being more than the $10,000.
Name a form of digital payment.
1) Venmo
2) Zelle
3) Apple Pay/Google Pay
4) PayPal
5) Cash App
Interest that grows exponentially.
Compound interest
A part of your money that is set aside to be used in the future when you need it.
Saving
What is Ms. P's favorite animal?
Elephant
A group of stocks that is managed by a professional and is used to diversify your portfolio.
Mutual Funds
A form of payment that is used to borrow money on a card and is meant to be paid back typically with interest.
Credit Card
What is interest?
Interest is the extra money you pay for borrowing money from a bank or the extra money you receive for saving it with a bank.
A written financial plan that tracks your income.
A budget
Who performed in the 2024 Superbowl Halftime show?
Rihanna
A loan that is made to a borrower.
A Bond
A paper file that instructs the bank to send a certain amount of money to the recipient.
Check
If you were to deposit 1,000 into a savings account along with an annual simple interest rate of 5%, how much total interest will you have gained after 7 years?
$350 because 1,000 multiplied by .05 is 50 and 50 multiplied by 7 is 350!
What is the Net Cash Flow?
The Net Cash Flow is the total income minus the total expenses.
What year was Super Smash Bros released?
How does a diversified portfolio help you when investing?
It lowers the risk of potentially losing money with no more investments to help make up that money.
What coin was previously discontinued due to its negative profit.
Penny
Why do banks want you to keep their money with them?
They use your money deposited to lend to others so that they get it back with more money due to interest. This helps them make a profit!
What is the 50-30-20 rule?
50% of your money goes towards needs. 30% goes towards wants and the other 20% goes towards savings.
Who wrote the Star Spangled Banner?
Francis Scott Key