| I Owe, I Owe ... Its to work, I Go | Saving & Investing | Credit & Interest | Stocks | Retirement Options |
|---|---|---|---|---|
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What is "Broke"
Defined in one word: 1) to have no money 2) Being in the hole
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What is "Saving"
What term goes along with the following definition?
“Income withheld from current spending for future use” |
What is "Credit"
What term goes along with the following definition?
“A loan that enables people to buy something now and to pay for it in the future.” |
What is "Supply and Demand"
Stock prices are set by the workings of _________ and ________.
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What is "Individual retirement account"
What does “IRA” stand for?
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What is “Living paycheck to paycheck”
A common phrase describing the financial situation of living from one pay period to the next.
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What is "Stocks, CD’s, Savings Account, Piggy Bank"
Put the following in order of possible rate of return from greatest to least.
(CD, Piggy Bank, Savings Account, Stocks) |
What is "Mortgage, Credit Card, School Loan, Car Loan"
What's the worst kind of debt you can have? (4 types of debt)
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What is "Low and High"
In dealing with stocks one should try and buy _____ and sell ______.
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What is "401(k) Plan"
Elective salary deferrals are excluded from the employee’s taxable income.
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What is a “Credit Card”
This will allow you to use someone else’s money to buy things
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What is "Budgeting"
What does it mean "to estimate income and expenses"?
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What is "Compounding Interest"
What term goes along with the following definition?
“Interest earned on interest after it is added to the principal” |
What is "Less Risk
What effect does greater diversification brings?"
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What is "59 years old"
How old must you be before you can withdraw money from a 401(k) or IRA without penalty?
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What is "False"
Today, the average U.S Homeowner has not made a payment in 17 months.
True or False: Today, the average U.S. homeowner that is being foreclosed, has not made a mortgage payment in 10 months.
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What is "10%"
How much of your income should you aim to save and invest?
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What is "Yearly rate of interest charged for the use of credit"
In terms of credit cards, what does the card’s APR represent?
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What is "Dividends"
What term goes along with the following definition?
“Payment received by stockholders from the earnings of the corporation” |
What is "403(b) are offered by non-profit org"
What is the difference between a 401(k) and a 403(b)?
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What is "Student Loans"
Of the 37 million borrowers who have outstanding balances, 5.4 million borrowers, have at least one past due account. What type of Loan?
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What is "Diversification"
Discuss why mutual funds carry much less risk than individual stocks
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What is "$1,100"
Calculate how much $1000 would be worth after 2 years @ 5% simple interest
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What is "Penny Stocks = Great Risk w/ Varied Reward
Blue Chip Stocks = Less Risk w/ Steady Reward"
Discuss the difference in terms of risk and reward between penny stocks and blue chip stocks.
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What is "Traditional = Money is taxed when a withdrawal is made"
Roth = Money is taxed prior to the investment and is tax-free upon withdrawal
Explain the difference between a Traditional IRA and a Roth IRA
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