Smart Money Moves – Stewarding Your Finances

What does "Pay Yourself First" mean?

• Buy yourself a gift every month

• Pay off your credit cards first

• Save a portion of your income before spending

• Spend money on fun first

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

What is the main purpose of a savings account?

• To pay bills automatically

• To borrow money

• To invest in the stock market

• To keep money safe and earn interest

What is a bond?

• Ownership in a company

• A loan you give to a company or government

• Money you owe on a credit card

• A type of insurance

What does “interest” mean in finances?

• A reward you get for using cash

• A fee charged by stores

• Money earned or paid for borrowing or saving

• How excited you are about saving

Which of the following is a low-risk investment?

• Starting your own business

• Cryptocurrency

• Individual stocks

• Savings account

What does “investing” mean?

• Putting money in something to grow over time

• Spending money on clothes

• Giving away money to charity

• Depositing money in a checking account

Tags

CCSS.RI.11-12.4

CCSS.RI.9-10.4

CCSS.RL.11-12.4

CCSS.RL.8.4

CCSS.RL.9-10.4

What is a stock?

• A type of bank account

• A share of ownership in a company

• A savings plan for retirement

• A loan to the government

What is financial “risk”?

• The chance of losing money on an investment

• The amount of money you save each month

• The chance of spending too much

• The cost of a financial advisor

Why is it smart to start saving early?

• So you don’t have to get a job

• So your money has more time to grow with interest

• So you can retire by 30

• Because banks give prizes

Which is a benefit of diversifying your investments?

• 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