Saving
An Emergency fund should be $___ for a teenager
What is 500?
A written cash flow plan focused on the future
What is a Budget?
Form of financial aid that does not need to be repaid; usually awarded on the basis of academic, athletic, or other achievements
What is a Scholarship?
Caveat emptor
What is buyer beware?
Type of card issued by a bank that allows customers to finance a purchase
Saving money over time for a large purchase
What is a Sinking Fund?
To match your bank statement with your checkbook
What is Reconciling?
Program that allows students to work part time while continuing their studies
What is Work-Study Program?
Product positioning, financing, personal selling, repetition
What are Marketing Tactics?
What is Depreciation?
Save $500 emergency fund, get out of debt, pay cash for your car & for college, build wealth & give
What are the Five Foundations?
A cash flow plan that assigns an expense to every dollar of your income, wherein the total minus the expenses equals zero.
What is a Zero-based budget?
The average amount of non-fiction books the average millionaire reads a month
What is one?
Refers to the financial opportunity that is given up because you choose to do something else with your money
What is Opportunity Cost?
What is Month?
1. Use debt as a tool
2. Don't have an emergency fund
3. Not keeping written monthly budget
What are common mistakes Americans make with money?
Writing checks, using a debit card, online bill pay, etc.
What are advantages to having a checking account?
Free Application for Federal Student Aid
What is FAFSA?
When marketing causes you to position a product in your mind to be associated with a certain value
What is Brand Recognition?
Payments, Interest, Depreciation are ways you ___ when buying a new car
What is Lose?
Success with money is __% behavior
What is 80?
Useful for filing taxes and checking to make sure bank statements are accurate
What is the importance of paper and electronic financial records?
Owing anyone to anything for any reason
What is Debt?
Anything over $300
What is a significant purchase?
You cannot do this with a debit card, but you can with a credit card.
What is Go Into Debt?