PERSONAL FINANCE PART ONE

Front

What is a budget?

Back

A budget is a financial plan that estimates income and expenses for a specific period of time.

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What is a fixed expense?

Back

A fixed expense is a recurring cost that remains the same each month.

Front

What is a variable expense?

Back

A planned expense that can change each month.

Front

What is a certificate of deposit?

Back

A certificate of deposit is a financial product offered by banks and credit unions that allows individuals to deposit money for a fixed period of time at a fixed interest rate.

Front

What is a stock?

Back

A stock is a type of investment that represents ownership in a company.

Front

What is a mutual fund?

Back

A mutual fund is an investment that contains a variety of stocks.

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What is diversification?

Back

Not putting all your eggs in one basket.

Front

What is a bond?

Back

When a person loans money to the government or business and gets money back plus interest.

Front

What is safer? Options: Stocks, Physical asset, Savings

Back

Savings

Front

Which investment provides diversification? Options: Stocks, Mutual Funds, Budget

Back

Mutual Funds