100 200 300 400 500 100 200 300 400 500 100 Investments/ Savings Budget Financial Planning Credit...

Post on 31-Mar-2015

212 views 0 download

Tags:

Transcript of 100 200 300 400 500 100 200 300 400 500 100 Investments/ Savings Budget Financial Planning Credit...

100 100

200

300

400

500

100100 100 100100 100 100 100

200 200 200 200

300 300 300 300

400 400 400 400

500 500 500 500

100 100 100

Investments/Savings Budget

Financial

Planning

Credit

Money Jeopardy

Insurance

The Answer is:

Goals that are specific, measurable, attainable, realistic and time-bound

The Question is:

What are SMART goals ?

The Answer is:

Food, clothing and a place to live

The Question is:

What are needs?

The Answer is:

Reality, Responsibility and Restraint

The Question is:

What are the 3 R’s of money?

The Answer is:

The patience to achieve and the willingness to give up something you want now in return for something better later

The Question is:

What is delayed gratification?

The Answer is:

Earning good grades, being responsible with money, telling the truth and being on time for work/school

The Question is:

What are examples of values?

The Answer is:

Someone is willing to loan you money in exchange for your promise to pay it back

The Question is:

What is credit?

The Answer is:

Equifax, Experian, and TransUnion

The Question is:

What are the three major credit reporting agencies?

The Answer is:

Access to cash in an emergency; the ability to use it now; safety and convenience

The Question is:

What are some advantages of using credit?

The Answer is:

The charge you pay once a year for the right to use a credit card

The Question is:

What is an annual fee?

The Answer is:

The amount you pay to use someone else’s money

The Question is:

What is interest?

The Answer is:

A plan for managing money during a given period of time

The Question is:

What is a budget or spending plan?

The Answer is:

Fees placed on income, property, or goods to support government programs

The Question is:

What are taxes?

The Answer is:

Money coming in

The Question is:

What is income?

The Answer is:

Fixed and variable

The Question is:

What are the two types of expenses?

The Answer is:

The amounts subtracted from gross income, i.e., taxes, insurance, retirement

The Question is:

What are payroll deductions?

The Answer is:

Money set aside for short-term goals

The Question is:

What is savings?

The Answer is:

Money set aside for future income, benefit, or profit to meet long-term goals

The Question is:

What is investing?

The Answer is:

The relationship between time, money and rate of return (interest) and their effect on earnings growth

The Question is:

What is the time value of money?

The Answer is:

A quick way to find out how long it will take your money to double

The Question is:

What is the Rule of 72?

The Answer is:

Earning interest on interest

The Question is:

What is compounding?

The Answer is:

Protection against large-scale financial loss

The Question is:

What is insurance?

The Answer is:

The payment you make to an insurance company in exchange for its promise of protection and help

The Question is:

What is an insurance premium?

The Answer is:

The amount of the loss you must pay out of your own pocket before the insurance company begins to reimburse you

The Question is:

What is a deductible?

The Answer is:

Liability, medical payments, uninsured motorist, collision

The Question is:

What are types of coverage an auto insurance policy can have?

The Answer is:

Cost of repairs, mileage, location and driving record

The Question is:

What are factors that can affect your auto insurance cost?