2nd hour-Financial Literacy

T/F: it is safe to deposit a check for strangers.

a fraudulent business when participants earn money by recruiting new members rather than selling a product or service.

What type of addresses do scammers typically use?

If a scammer accesses your bank account, what should you do?

Which is NOT a major life milestone that will affect your financial future?

When you plan exactly how much money you will spend and save from each paycheck

an account in which you store money for an extended amount of time and gain interest

True or False: Debt is ALWAYS bad.

expenses that can change from month to month, such as entertainment or dining out

The easiest way to tell if a scammer is requesting money is...

A type of loan that you use to purchase a house or land that you repay with interest over a certain amount of time

Money that a borrower must pay back to a lender in addition to the original loan

When you move out of your childhood home, what will become your largest expense?

The initial payment you make when purchasing an expensive product using credit, such as a house or a car

When is one of the earliest opportunities to start earning a consistent income and gaining wealth?

What is the fraudulent acquisition and use of a person's private identifying information, usually for financial gain?

The amount of money spent on the purchase of goods and services

True/False: Criminals can only scam people through text, email, or in person.

If you have a “bad feeling” about a text, email, letter, etc, what should you do?

an amount of money that is saved and set aside to use only during unexpected events in life-job loss, medical bills, etc

T/F: You should always click on a link from an unknown number claiming to be a company.

resources like food, water, shelter, clothing, healthcare, and sanitation that are essential for survival

Resources that you desire and may increase your quality of life but are not essential for survival

T/F: If an organization calls or texts asking for your Social Security number, it is safe to share it with them.

If you want to save money, how long should you wait to buy a non-essential item before making your purchase?

T/F: Never believe a salesperson who promises a "risk-free" investment.

The accumulation of valuable assets throughout one’s life, such as money, property, or investments

The illegal act of using lies and tricks to steal other people’s personal and financial information

Bills that you have to pay regularly and change little over time, such as rent, car payments, and insurance

the total amount of money that you owe to other people and businesses