Saving
Budgeting
Credit/Debt
Debt
Purchases
100

Why should you start saving early?

Compound Interest.
100

What is a budget?

A written cash flow plan.
100

What is a Credit Report?

A detailed report of an individual's credit history.

100

Reads one non-fiction book a month.

The average Millionaire.

100

Public's ability to recognize a brand by its logo.

Brand Recognition

200

Where should you keep your emergency savings fund?

In a separate saving account, away from your spending money.

200

A copy of each check you write.

Carbon Check.

200

What does APR stand for?

Annual Percentage Rate.

200

Debt.

Owing anything to anyone for any reasons.

200

Significant Purchase

Spent amount of $300 or more.

300

What are the 3 basic reasons to save?

Emergency Fund, Purchases, and Wealth Building.

300
What should your monthly budget include?

Saving, Giving, and Spending.

300
What is depreciation?

A decrease or loss in value.

300

FAFSA.

Free Application for Federal Student Aid.

300

Caveat Emptor.

Buyer Beware.

400

What are the Five Foundations?

Save a $500 emergency Fund, get out of debt, pay cash for your car, pay cash for college, build wealth and give.

400

To reconcile

Matching your bank statement with your checkbook.

400

The preferred method of debt repayments.

Debt Snowball.

400

Trade School.

Higher learning that focuses on job skill training for specific career fields.

400

Communicating the value of a product to costumers.

Marketing

500

What are the 2 things you should consider when evaluating time value of money?

Inflation rate, and rate of interest.

500

Over drafts.

A sign of crisis living and sloppy.

500

How does the Debt Snowball work?

Attack the lowest payment first.

500

The total estimated student debt outstanding (unpaid) in the U.S.

$7 trillion

500
Almost always causes debt.

Financing a purchase