Money Confident Kids Test

401(k) or 403(b)

• An investment plan companies offer to save for retirement. Money is taxed when withdrawn, not invested.

• A personal investment plan to save for retirement. Money is taxed when invested, not withdrawn.

• A place to put your money as in a bank, credit union or other financial instution.

• Money given to a person on a regular basis.

Roth IRA

• An investment plan companies offer to save for retirement. Money is taxed when withdrawn, not invested.

• A personal investment plan to save for retirement. Money is taxed when invested, not withdrawn.

• A place to put your money as in a bank, credit union or other financial instution.

• Money given to a person on a regular basis.

Account

• An investment plan companies offer to save for retirement. Money is taxed when withdrawn, not invested.

• A personal investment plan to save for retirement. Money is taxed when invested, not withdrawn.

• A place to put your money as in a bank, credit union or other financial instution.

• Money given to a person on a regular basis.

Allowance

• An investment plan companies offer to save for retirement. Money is taxed when withdrawn, not invested.

• A personal investment plan to save for retirement. Money is taxed when invested, not withdrawn.

• A place to put your money as in a bank, credit union or other financial instution.

• Money given to a person on a regular basis.

Asset

• Anything that has financial value.

• How your money is divided among stocks, bonds, short-term investments, and other assets.

• An asset issued by a company or government. A loan to the organization.

• A plan of how much money a person or business can spend, and how it will be spent.

Asset Allocation

• Anything that has financial value.

• How your money is divided among stocks, bonds, short-term investments, and other assets.

• An asset issued by a company or government. A loan to the organization.

• A plan of how much money a person or business can spend, and how it will be spent.

Bond

• Anything that has financial value.

• How your money is divided among stocks, bonds, short-term investments, and other assets.

• An asset issued by a company or government. A loan to the organization.

• A plan of how much money a person or business can spend, and how it will be spent.

Budget

• Anything that has financial value.

• How your money is divided among stocks, bonds, short-term investments, and other assets.

• An asset issued by a company or government. A loan to the organization.

• A plan of how much money a person or business can spend, and how it will be spent.

Credit Card

• Allows you to purchase things now and pay later. High interest rates are charged on purchases.

• Measures the probability you will pay a debt. Lower ratings means you will need to pay higher interest rates.

• Money you owe.

• Money put into your account.

Credit Rating

• Allows you to purchase things now and pay later. High interest rates are charged on purchases.

• Measures the probability you will pay a debt. Lower ratings means you will need to pay higher interest rates.

• Money you owe.

• Money put into your account.