Unit 6 Savings and Investing

Front

Pay yourself first means _____?

Back

put money in savings first

Front

You should start saving often and as early as possible.

Back

True

Front

In order to save money we must spend less than we make.

Back

True

Front

_____ is setting aside money you don't spend now so it can be used later.

Back

Saving

Front

_____ is buying something with the expectation that it will make you money.

Back

Investing

Front

Principal is _____.

Back

amount of money you save or borrow

Front

Interest is _____.

Back

amount earned on money you save or owe on money you borrow

Front

Interest rate is the % amount on your principal that is paid.

Back

True

Front

Simple Interest is _____

Back

simple fee paid on the principal

Front

Compound Interest is _____

Back

added to the principal so that the interest earns interest