SAVINGS & SUCH
Name one reason you might want to put money into a savings account.
for emergencies, save up for a vacation, in case you lose your job
Insurance helps cover the cost of...
Accidents/Emergencies
How do you to make a profit in the stock market?
buy low, sell high
Money given to a student for college, based on merit (something they have done)
Scholarships
What is the #1 form of debt in America?
Credit Cards
The most useful tool for achieving your financial goals (a plan for how you will spend your money)
Budgeting
Type of insurance that covers any damages or medicals bills of another person due to damages YOU caused.
Liability Insurance
This signifies that you own a part of a corporation and a claim to their assets and earnings.
Stock
Free money given by the Federal government to a student to help pay for college.
Grants
What is the best way to raise your credit score when using credit cards?
Pay on time & in full
We talked about 3 types of savings accounts: Name one other than Regular Savings Accounts.
Certificate of Deposit (CD), Money Market Account
If you have an accident, you will have to pay a __________ and the insurance company will cover the rest.
Deductible
What stock began as a book selling company ($18) and is now one of the most popular stocks trading at $118?
Amazon
After you apply for grants and scholarships, you may consider getting these--but you must pay them back eventually.
This is applied to your balance each month if you do not pay your balance in full.
APR - interest
Direct depositing a small % of your income into your savings account---before you do anything else
"Pay Yourself First"
Insurance companies collect premiums from many different people, but only have to pay out to cover the emergencies of a few. This is known as...
Risk Pooling
Anything that is purchased with the hope that it will generate income or be more valuable at a future date.
Investment
Sticker price of the College tuition - scholarships & grants =
Net Price of Attending College
Payment history, credit mix, and credit usage all effect your...
credit score
If you have a Visa card, a student loan payment, a car payment, and an Amazon credit card....Which debt should you pay off FIRST???
The one with the Highest Interest Rate
Each month you must pay this to the insurance company to be insured.
Premium
One way to minimize investment risk is to buy stock in a variety of different companies or investments
Diversification/diversify your portfolio
What form do you need to fill out in order to receive financial aid?
FAFSA
What should you read carefully and look over before selecting a credit card? It tells you the APR & fees that they will charge you.
Schumer Box