A written account of what you earn, spend, and save
What is a budget?
100
If you have $100.00 and you are getting 6% interest annually, you would $106.00 at the end of that year.
What is simple interest?
100
To make more money
What is the main reason for investing money?
200
Taking control of your life, making good decisions, responsible for successes, responsible for mistakes
What is Personal Management
200
shopping for food when you are hungry, keeping up with the Jones's, spending money because it is in you pocket whether you need the item or not.
What is impulse buying?
200
Save 10% of what you earn on a consistent basis
What is the standard goal of budgeting?
200
You have the same $100.00 and you leave the entire investment alone. The interest is 10% . The first year you get interest of $10.00. You would have $110.00. The second year, you would receive 10% of the $110.00, so you would now have interest added of $11.00 that next year.
What is compound interest?
200
yourself- education, new trades and skills
what is the best investment you can make in?
300
Researching an item before you buy it- consider alternatives, watch sales, read buying guides, comparison shop
What is a smart shopper
300
Good record of expenses, easier to return items, safer than carrying lots of cash
What are good reasons to use credit cards?
300
Part time work, allowance for chores, sell used items, sell labor
What is ways to save money?
300
A charge to borrowers for the privilege to use their money
What is interest?
300
The profit you receive or increased value of your investment.
What is Return on Investment?
400
Product Features, Quality, and Opinions of Others
what are the things you should research when buying an item?
400
Buying something with a promise to pay for it later.
What buying on credit?
400
Wallet, Bank, Stocks, Bonds, Mutual Funds
What are places to store your savings?
400
The amount borrowed, amount of fees, interest rate, how long it takes to repay the loan.
What does the total finance charge depend on?
400
The original amount of your investment plus the increased value or profit.
What is Total Return?
500
Check internet, catalogs and stores, check cost per unit, shipping needs
What is comparison shopping.
500
Advertising something for a very low price then trying to get the shopper to purchase something more expensive when they show up for the sale.
What is bait and switch?
500
Keeps money safe, gives easy access to savings, federal government insures your money in the bank.
What are reasons to use bank accounts?
500
Good credit history, proof of income/employment, good references, and pay history.
What you need to have to get a loan?
500
Savings Bonds, Certificates of Deposit, Stocks, Mutual Funds, Collectibles