Investing
This is putting money into something to make more money later.
What is Investing?
Money you set aside for later use is called this.
What is Saving?
A credit card lets you spend this kind of money.
What is Borrowed?
A plan for your money is called this.
What is a Budget?
When someone steals your personal information.
What is Identity Theft?
A common place where people invest for retirement through their job.
What is a 401K?
Dave says to save this amount first.
What is $1,000?
Extra money you pay when you don't pay your credit card off is called this.
What is Interest?
This means your income minus your spending equals zero.
What is a Zero-Based Budget?
Fake emails trying to get your info are called this.
What is phishing?
These are groups of stock bundled together that Dave recommends.
What are Mutual Funds?
Money saved for emergencies like car repairs is called this.
What is an Emergency fund?
Dave says to avoid credit cards and use this instead.
What is Debit or Cash?
The first things you should pay for are these basic needs.
What are Necessities?
You should never share this online.
What is Personal Info?
This means not putting all your money in one place.
What is Diversification?
After debt, you should save this many months of expenses.
What is 3-6 months?
Owing money on a credit card is called this.
What is Debit?
Spending more than you make is called this.
What is Overspending?
A scam where someone pretends to be someone you trust.
What is Impersonation?
This type of investing is for long-term growth, not quick money.
What is Retirement Investing?
A savings account is good because your money is easy to get. This is called.
What is Easy Access (liquid)?
Using credit cards too much can lead to this financial problem.
What is Debt (overspending)?
Writing down and checking your spending each month is called this.
What is Tracking Your Budget?
Checking your bank account often helps prevent this.
What is Fraud?