Welcome Back 2025! Financial Algebra

What is ONE word to describe your break?

Tags

CCSS.RI.11-12.10

CCSS.RI.7.10

CCSS.RI.8.10

CCSS.RI.9-10.10

CCSS.RL. 11-12.9

What is the primary purpose of a budget?

• Increase debt

• Track and control spending

• Pay off credit cards

• Invest in the stock market

Which one of the following is considered a fixed expense?

• Groceries

• Rent or mortgage

• Dining out

• Entertainment

Tags

CCSS.8.EE.C.7B

What does APR stand for in the context of loans and credit cards?

• Annual Percentage Rate

• Average Personal Return

• Annual Payment Requirement

• Account Payment Ratio

Tags

CCSS.7.RP.A.3

How does diversification contribute to the investment risk management?

• Increases risk

• Reduces risk

• Has no effect on risk

• Shifts risk to others

What is the purpose of an emergency fund?

• Funding vacations

• Covering unexpected expenses

• Investing in stocks

• Paying off credit card debt

What is the 50/30/20 rule used for in personal finance?

• Budgeting

• Retirement Planning

• Credit card management

• Tax planning

Tags

CCSS.6.RP.A.3C

What is the purpose of a credit score?

• Measure of income

• Indicator of spending habits

• Assess crefitworthiness

• Determine investment potential

How does a Roth IRA differ from Traditional IRA

• Contributions are tax-deductible in Roth IRAs

• Traditional IRAs have a mandatory minimum distributions

• Roth IRA withdrawals are tax-free in retirement

• Roth IRAs have no contributions limits

What is the purpose of insurance?

• Generate income

• Protect against financial losses

• Build wealth

• Increase credit score