History of Finance
This form of trade came before money, where people exchanged goods or services directly.
What is bartering?
This is the habit of setting aside money regularly instead of spending it all.
What is saving?
This is a simple plan for how you’ll spend your money each month.
What is a budget?
This is the process of setting goals for how you will use your money in the future.
What is financial planning?
This 3-digit number plays a big role in whether you get approved for loans or credit cards.
What is a credit score?
This happens when the economy slows down, people lose jobs, and businesses make less money.
What is a recession?
A good rule of thumb is to save at least this percentage of every paycheck.
What is 10%?
This kind of bank account is best for storing money you’ll need soon it usually earns a small amount of interest.
What is a savings account?
A 401(k) is a retirement plan often provided by this.
What is an employer?
This acronym stands for the amount you make before taxes are taken out.
What is gross income?
This country was the first to use paper money, around 700 A.D.
What is China?
This is the amount of interest you earn on your savings, shown as a percentage.
What is APY (Annual Percentage Yield)?
This word describes money you owe like credit card balances or a personal loan.
What is debt?
The earlier you start investing, the more you benefit from this powerful concept that grows money over time.
What is compound interest?
A W-2 form is provided by your employer and shows how much you made and paid in these.
What are taxes?