Needs vs Wants
Something necessary for survival, like food or shelter.
What is a need?
Account used for everyday spending and bills.
What is a checking account?
A three-digit number showing how trustworthy you are with money.
What is a credit score?
Owning a stock means this.
What is owning part of a company?
A plan for how you spend and save money.
What is a budget?
Something nice to have but not essential.
What is a want?
Account used to save money and earn interest.
What is a savings account?
Card that lets you borrow money and pay it back later.
What is a credit card?
A bond is best described as this.
What is a loan to a company or government?
Extra money earned on savings or paid when borrowing.
What is interest?
A winter coat is usually this type of expense.
What is a need?
Card that takes money directly from your bank account.
What is a debit card?
Someone who misses payments and has poor credit.
Who is a risky borrower?
Payments some companies make to stockholders.
What are dividends?
Fund used for unexpected expenses.
What is an emergency fund?
Eating out frequently is usually this.
What is a want?
Spending more money than you have causes this.
What is an overdraft?
Using too much credit lowers this rating.
What is your credit score?
Investors choose bonds because they are generally this.
What are safer?
Setting one of these helps you stay on budget.
What is a financial goal?
Budgeting starts by separating these expenses.
What are needs and wants?
Account holding 3–6 months of expenses for safety.
What is an emergency fund?
Score lenders use to decide interest rates.
What is a credit score?
A mix of stocks and bonds is called this.
What is a balanced portfolio?
Late bills or overspending lowers this financial measure.
What is your credit score?