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