Terms
Account Types
Steps to Security 1
Steps to Security 2
Wild Card
100
The ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.
Financial Literacy
100
An account at a financial institution that allows you to deposit, withdraw, and transfer money.
Checking Account
100
This step means to save as much as you can while you are young.
Save Early
100
This step wants you to know how much money is going out and where it is going.
Track your spending
100
If you are sitting in the drivers seat of your car, what is an easy way to know what side your gas tank is without getting out or looking out a window?
Arrow
200
An essential expense, such as food or housing.
Need
200
A bank account that earns interest and is usually used for long term goals.
Savings Account
200
This step means you need to research your financial decisions.
Calculate Risks
200
This step wants you to keep your standard of living below what your earnings accommodate.
Live within your means
200
What athlete was the first to appear on a box of cereal?
Michael Jordan
300
An expense that would be nice to have but isn't essential.
Want
300
An account offered by banks and credit unions that allows the account holder to deposit a fixed amount of money for a set period of time in exchange for interest.
CD (Certificate of Deposit)
300
This steps wants to to set these, achieve them and set them again.
Set short term goals
300
This step wants you to learn how to manage money and make it grow.
Become financially literate
300
What kind of animal is Squidward from Spongebob Squarepants?
Octopus
400
A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Something that makes you money.
Asset
400
A type of savings account that pays a higher interest rate than traditional savings accounts.
High Yield Savings Account
400
This step wants you to match or make contributions to your retirement.
Don't leave money on the table
400
This step says you should never borrow money for wants.
Do not borrow to finance a lifestyle
400
What kind of tree is the largest and tallest in the world?
Redwood
500
The concept that money available now is worth more than an identical amount in the future.
Time Value of Money
500
A type of deposit account offered by banks and credit unions that combines features of checking and savings accounts.
Money Market Account
500
This step wants you to make sure you are thinking about today as well as years from now.
Find the right balance
500
This step wants you to increase your knowledge by continually pgrading your skills and knowledge.
Invest in yourself
500
How many stars are there in our solar system?
1, the sun