Random Category 1
The #1 way to save money.
What is opening a savings account?
The most common ways to save/invest your money.
What are savings accounts and stock?
What the bank pays you to keep your money.
What is interest?
The most common ways to borrow money.
What are credit cards and loans?
An easy way to avoid financial turmoil and stay in control of your money.
What is budgeting?
Minor, Custodial, Health Savings Account, Emergency Fund, and 529 College Savings.
What are types of specialty savings accounts?
Separate your daily spending resources from your non-spendable money, to achieve financial stability and reach your long-term savings goals.
What is the purpose of a savings account?
An example of an event that may warrant a change to your budget.
Marriage, Vacation Planning, Having a Baby, Simply Cutting Back.
The five main factors of financial literacy.
What are Earn, Spend, Save & Invest, Borrow, and Protect?
Being granted access to funds you plan to pay back over time.
What is borrowing?
Knowing how to responsibly manage your finances.
What is financial literacy?
A sufficient emergency fund should consist of how many months of the sum of your monthly pay or monthly bills.
What is 3-6 months?
This type of savings assists with unforeseen circumstances that can be detrimental to you financially.
What is an emergency/rainy day fund?
401K and IRA.
What are retirement accounts?
I received my bachelor's degree from this illustrious university in Greensboro, NC.
What is NC A&T SU?