Banking
Money regularly received, usually from employment.
What is income?
The game that we played to simulate spending priorities.
What is the Bean Game?
The name of the important budgeting rule that breaks your budget into Needs, Wants, and Savings.
Small portions of ownership in a large company.
What are stocks/shares?
What is The Company Challenge?
The account is used for everyday use and easy withdrawals.
What is a checking account?
Fill in the blank:
The more you spend, you will be able to save ____.
What is less?
Housing costs, utilities, and food are examples of...
What are Needs?
Fill in the blank:
If a company is doing well, you can sell your stock and ___ money.
What is earn?
True or False:
You should always put your money from savings in savings accounts, plans, or investments.
What is True?
Money earned from existing money over time in a savings account.
What is interest?
True or False: Everyone has the same priorities for what they want to spend on.
What is False?
The percentage of your budget that should go towards Savings.
What is 20%?
Name 4 companies on the stock market.
What are Tesla, Google, Ford, and Apple, etc.?
Money taken from your income by the government to help pay for schools, roads, etc.
What are taxes?
A card used to spend money directly from your checking account.
What is a debit card?
Which will have a greater benefit in the future: Spending money on new shoes or saving for college?
What is saving for college?
Give four examples of Wants.
What are new shoes, video games, eating out, styling hair, etc.?
What is an index fund?
Use the 50-30-20 rule to budget $100,000 into Needs, Wants, and Savings.
What is $50,000 in Needs, $30,000 in Wants, and $20,000 in Savings?
Common interest rates for a traditional savings account (multiple answers work).
What is 1-3%?
Name 4 different ways to spend your money
What are Credit Cards, Debit Cards, Cash, Checks, and Payment Apps?
The name of a stock from a single company.
What is a corporate stock?
The name of the primary US stock market.
What is the New York Stock Exchange?