FinLit Kids session 1

This is the amount of money inside an account

• Debit

• Credit

• Balance

• Bank balance

This is where you store or which form you store your money

• Debit account

• Money market

• Accounts

• Wallet

The value of a company, business or property in which the expenses are already subtracted

• Share

• Equity

• Value

• Intrinsic Value

An obligation to pay the other person you are indebted to

• Junk bonds

• Company bonds

• Liability

• Bonds

The amount of money being transferred inside the account and outside the account.

• Balance sheet

• Inflow

• Cash flow

• Transactions

 What you get, receive or feel out of an accomplishment

• Fullfillment

• Happiness

• Sense of accomplishment

• Overall goals

Define SMART acronym

• Specific

  Measurable

  Achievable

  Real

  Time bound

• Specific

  Measurable

  Achievable

  Realistic

  Time bound

• Specific

  Measured

  Achievable

  Realistic

  Time bound

• Specified

  Measurable

  Achievable

  Realistic

  Time bound

Refer to accomplishments that will take significant time, effort, and planning to achieve.

• Goals

• Overall goal

• Long term goal

• Smart goals

Stepping stones that push you closer to your goals and vision

• Achievements

• Short term goals

• Progress

• Milestones

How much does 20% represent in this equation (50% - 30% - 20% = 110)

• Twenty four

• Twenty one

• Twelve

• Twenty two