Show:
Economy/Interest
Budget
Miscellaneous
Income
Goals
100
central bank of the United States
Federal Reserve
100
Planning your spending, borrowing, and saving are all aspects of what
budgeting
100
interest earned only on the original amount or principal
simple interest
100
ways to increase your income
dog walking, mowing yards, babysitting, getting a second job, etc.
100
goal shorter than a year
short term goal
200
exchange for other goods or services without using money
bartering
200
A spending plan can help you?
prepare for expenses and emergencies
200
something owned
asset
200
assets minus liabilities
net worth
200
goal longer than a year
long term goal
300
interest earned on interest added to an account
compound interest
300
ways to reduce spending
couponing, eating at home, car pooling, making lists when grocery shopping, etc.
300
something owed
liabilities
300
an abundance of valuable possessions or money
wealth
300
define educational goal
operate within the interacting domains of knowledge, skills and attitudes
400
Paul invested $50.00 into a Certificate of Deposit earning 10%. How long will it take to double his investment?
7.2 years
400
what are some tools that can help you with budgeting
paper tracking, computer programs, envelope system
400
the practice of comparing the price of products or services from different vendors before buying
comparison shopping
400
negative cash flow results in
debt
400
describe financial goal
can be set tisane money, repay debts, help make large purchases
500
You invested $100 in a account earning 3%. What is the compound interest the 2nd year?
$106.09
500
prior to setting a budget you should
track spending
500
the buying of goods without planning to do so in advance, as a result of a sudden whim
impulse buying
500
how is financial independence achieved
reducing spending, earning more, saving more, and reducing negative cash flow
500
list all the steps in a SMART goal
specific, measurable, accountable, realistic, time bound