Smart Money Moves – Stewarding Your Finances

Front

What does "Pay Yourself First" mean?

Back

Save a portion of your income before spending

Front

What is the main purpose of a savings account?

Back

To keep money safe and earn interest

Front

What is a bond?

Back

A loan you give to a company or government

Front

What does “interest” mean in finances?

Back

Money earned or paid for borrowing or saving

Front

Which of the following is a low-risk investment? Starting your own business, Cryptocurrency, Individual stocks, Savings account

Back

Savings account

Front

What does “investing” mean?

Back

Putting money in something to grow over time

Front

What is a stock?

Back

A share of ownership in a company.

Front

What is financial “risk”?

Back

The chance of losing money on an investment

Front

Why is it smart to start saving early?

Back

So your money has more time to grow with interest

Front

Which is a benefit of diversifying your investments? Options: You can avoid all taxes, You reduce risk by not putting all your money in one place, You only need one account, You earn the same amount every time

Back

You reduce risk by not putting all your money in one place