Making Money Moves
A portfolio consisting of mostly lending or fixed-income investments and cash equivalents.
What is Conservative Strategy?
Converting property or assets into cash or cash equivalents by selling them on the open market
This financial concept tracks the movement of money into your account from sources like wages, gifts, or investments over a period of time.
What is "Cash Flow"
This occurs when you spend more money than is available in your checking account, often triggering fees or a negative balance.
What is Overdraft?
You receive this after a completion of a 2 or 4 year journey in higher education.
What is a Degree?
A portfolio consisting of roughly equal amounts of lending (fixed income) and ownership investments.
What is Moderate Or Balanced Strategy
An investor who will trade off a higher return for the benefit of greater certainty of return.
What is "Risk Averse"?
This financial habit focuses on setting aside money for future use and is intended to grow wealth over time rather than cover immediate expenses.
What are/is Savings?
These specialized accounts allow families to save and invest money for future education expenses, often offering tax advantages.
What are College savings accounts?
These are financial awards for students, usually based on academic achievement, talent, or other criteria, and do not need to be repaid.
What are Scholarships?
A portfolio consisting mostly of ownership investments.
What is an Aggressive Strategy?
Money you owe to others, such as credit card debt, loans, or unpaid bills.
What are "Liabilities"?
This financial planning process involves preparing legal documents to manage and distribute your assets during your lifetime and after death.
What is Estate Planning "Will & Testament"
Money received on a regular basis from work, investments, or other sources that increases your ability to spend or save.
What is Income?
These are funds given to students or organizations that do not have to be repaid, often awarded based on financial need or merit.
What are Grants?
A risk management technique that mixes a wide variety of investments within a portfolio to reduce risk.
What is a Diverse Strategy?
Money that you spend on goods or services, such as food, rent, transportation, or entertainment.
What are "Expenses"
A legal and ethical obligation requiring a financial planner to place the client’s best interests above their own, even if it means earning less money.
What is fiduciary responsibility?
These are regular, predictable costs—like rent or car payments—that usually stay the same each month and must be paid regardless of other spending.
What are Fixed Expenses?
These programs provide part-time jobs for students with financial need, allowing them to earn money to help pay for college while gaining work experience.
What are "Work Study Programs" ?
The increase in an investment’s value during a year expressed as a percentage of the investment’s value at the beginning of the year.
What is Return?
Calculated by subtracting everything you owe from everything you own, this financial snapshot shows your overall financial health at a specific moment in time.
What is Net Worth ?
A plan that outlines expected income and expenses over a specific period, helping you control spending and reach financial goals.
What is a Budget?
Who's The best Financial Planning Teacher of all times?
Who is Coach Davenport?
These programs lock in the cost of college tuition for a student, protecting families from future tuition increases over a set period.
What Tuition Guarantee Programs?