Show:
Banks & Money
Checks & Cards
Saving & Investing
Budgeting & Planning
Money Mistakes
100

Beaver pelts, dried corn, sea shells, gold, coins, paper bills

What are types of money?

100
Plastic card that allows you to borrow money to buy something
What is a credit card?
100
Earn more, save more, spend less
How can you become a millionaire?
100
These are ideas that you commit to so you can plan to achieve them
What are goals?
100

If you fail to do this, you might bounce a check or overdraw your account.

What is keeping track of how much money is in your account ("balancing your checkbook")

200
Invest, save, share, spend
What can you do with money?
200
A plastic card that deducts money from your checking account when you buy things
What is a debit card?
200
This increases your earning potential and decreases your rise of unemployment.
What is more education?
200

Thinking about these will help you keep spending down: for example, will you buy generic (sneakers) or name-brand (Nike)

What are needs vs wants?

200
Betting money in hopes of winning more
What is gambling?
300
Convenience, security, opportunity to earn interest
Why do people use banks?
300
You'll be charged interest (and possibly fees) on the balance for the month
What happens if you don't pay off a credit card at the end of the month?
300
Money you are paid for letting someone else borrow (use) your money
What is interest?
300

A tool for keeping track of income and expenses

What is a budget?

300
"I'll do it when I have more money" or "This is just a small amount, it won't add up" or "I "need" this now"
What are excuses for not saving?
400
Making loans and charging interest, providing services like checking and savings accounts, charging fees, and investing
How do banks make money?
400
Type of account most people pay bills from
What is a checking account?
400
These are the two factors you have to weigh when choosing an investment: the higher one is, the higher the other.
What are risk and reward?
400

An economic trend that affects personal financial planning

What is inflation?

400
The number that represents your bill-paying history and debt profile (will be used to determine your eligibility and the rate for some loans)
What is a credit score?
500
When you use your debit card or write a check for more money than you have in the bank.
What is "bouncing a check" or "overdrawing your account"? ...and it will cost you money! The bank charges a fee for this.
500
Annual fees, interest, late fees, over-limit fees, sell your data
How do credit cards make money?
500

The money you have leftover to spend or save after paying taxes and bills 

What is disposable income?

500
This is the amount left after expenses, often called "the bottom line"
What is your "net income"?
500

The most common financial mistake young people make

What is excessive spending?