Financial Literacy (Budgeting)

Discretionary spending, fixed or variable expense: heating bill

A CD is a good savings option if you can leave money untouched for an extended period of time

A good rule to saving is to pay yourself last. 

If you need constant access to your funds this is a good account to have. 

Needs or Wants: Utilities (electricity, water, natural gas or propane) 

Discretionary spending, fixed or variable expense: magazine and pop

Needs or Wants: Hoola-Hoops

What is it called when you take money out of your account

Needs or Wants: Pet rocks

Liquidity refers to how accessible your money is to you.

What's a better way to save money

Discretionary spending, fixed or variable expense: buying a frozen pizza at the store

A plan for your money so you know where it goes

Which typically earns more interest

Discretionary spending, fixed or variable expense: motorcycle insurance payment

Making a budget will help save more and spend less

Fixed or Variable Expense: car payment

What you spend your money on?

What's a better way to save money

Needs or Wants:  housing

Discretionary spending, fixed or variable expense: this month's rent

A common reason people save money

If you want to access money at an ATM this is the account you should have

Fixed or Variable Expense: gasoline

What's a better way to save money?

Discretionary spending, fixed or variable expense: your college books

The money you earn is called 

The Rule of 72 means

What's a better way to save money

Discretionary spending, fixed or variable expense: concert tickets 

Fixed or Variable Expense:  Rent/Mortgage 

Fixed or Variable Expense: Utility bill (electricity)

Financial experts suggest saving this much of your income

For emergencies you should have this many months of living expenses covered.  

Spending money on something you want instead of need is called what. 

This is what the bank pays you for leaving money in your savings account. 

An interest rate that fluctuates with the economy is 

Principal is the amount of money with which you open a savings account

You are planning a trip to Hawaii 5 years from now, where should you save your money?

If you think your pet will have lots of medical bill this year, which account should you have?