Show:
Vocabulary
True or False
Personal Banking
Budgeting
Interest & Investing
100

Adding or putting money into an account.

Deposit

100

You will always have to pay for a copy of your credit report.

What is FALSE!

- AnnualCreditReport.com - provided by the government annually

- CreditKarma.com

100

Name one advantage of paying with a credit card.

What is 

- Fast,
- Easy,
- Accepted almost everywhere

100

Julia makes $100.00 babysitting and $50.00 for household chores each month. What is her total monthly income?

$150.00

100

This type of Interest is calculated only on the original amount of the loan.

What is Simple Interest.

(Car loan, any installment loan)

200

The total amount of personal income before taxes and deductions.

What is Gross Income

200

Discretionary Income is another definition of Wants.

What is True

200

Name a disadvantage of using electronic payment for bills. 

 What is: 

- Requires internet access

- Possible security risk

200

The income that remains after taxes and other deductions are taken from an individual's gross income.

What is Net Income

200

If your debt to income ratio is high, and you are applying for a loan, what could be a negative outcome.

What is you could be charged a higher interest rate.

300
A plan for how to save and spend money.
Budget
300
Fixed expenses include things like rent.
TRUE
300

What is the purpose of a checking account?

Money kept for every day expenses.

300

Name 2 ways to make your money work for you!

What is:

- High yield savings account
- Choose credit cards with useful rewards
- Pay down debt
- Develop and use a budget

300

Name 1 site where you can learn about stocks and investing. 

What is:

- Investopedia
- Marketwatch.com
- Yahoo finance

400
Extra money that you either earn or owe.
Interest
400
The two parts of a budget are income and outcomes.
FALSE
400
Why is it important to make a budget?
A budget helps plan your spending.
400

In addition to the income from Kristopher's job, he does landscaping on weekends and sells vintage action figures on eBay.  This is an example of what?

What is multiple streams of income.

400

Name 2 low risk ways to build wealth

What are:

- Purchase Certificates of Deposit - CDs
- Purchase Bonds or Treasury Bills -
- Invest in your 401k
- Invest in an IRA
- Invest in yourself! Earn a useful degree or certification

500
This is another name for a debt.

What is a Liability

500

Variable Expenses change from month to month

TRUE

500

If Mandy's Gross Income $126.35 and Deductions $35.30 What is her Net Income?

What is $91.05

500

By dividing your monthly recurring debt by your gross monthly income you will find what?

What is your Debt to Income Ratio

500

Name 2 higher risk but higher reward ways to build wealth.

What is:

- Purchase real estate
- Invest in the Stock Market
- Start, buy, or become a partner in a business
- Buy precious metals
- Buy Crypto Currency