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WorksheetsUnit 2 Personal Finance
Total questions: 20
Worksheet time: 10mins
Costs that can go up and down each month
Variable Expenses
Assets
Liabilities
Fixed Expenses
Money and items of value that you own
Net Worth
Assets
Liabilities
Fixed Expenses
Costs that do not change each month.
Variable Expenses
Assets
Liabilities
Fixed Expenses
Debts that you owe
Net Worth
Assets
Liabilities
Fixed Expenses
The difference between your assets and liabilities
Net Worth
Assets
Liabilities
Fixed Expenses
Things you want to achieve in your life.
Personal Goals
Financial Goals
Assets
Financial Plan
A spending and saving plan based on expected income and expenses
Personal Goals
Financial Goals
Budget
Financial Plan
A set of personal and financial goals, along with steps and timelines for reaching them
Personal Goals
Financial Goals
Budget
Financial Plan
Interest earned on both principal and previously earned interest
Compound Interest
Simple Interest
U.S. Savings Bond
Money Market Account
A discount bond issued by the federal government that pays a guaranteed rate of interest
Certificate of Deposit (CD)
Simple Interest
U.S. Savings Bond
Money Market Account
A time deposit that pays a fixed rate of interest for a specified length of time
Certificate of Deposit (CD)
Checking Account
U.S. Savings Bond
Money Market Account
A type of savings account that earns the market rate of interest on the money deposited
Savings Account
Checking Account
U.S. Savings Bond
Money Market Account
A demand deposit at a bank on which checks are drawn
Savings Account
Checking Account
U.S. Savings Bond
Money Market Account
A written order to a bank to pay a stated amount to a person
Savings Account
Checking Account
U.S. Savings Bond
A Check
A demand deposit account designed for the accumulation of money in a safe place for future use
Savings Account
Checking Account
U.S. Savings Bond
A Check
The chance of injury, damage, or economic loss
Money
Risk
A plan for sharing the risk of medical costs resulting from injury or illness
Auto Insurance
Health Insurance
Life Insurance
Homeowners Insurance
A policy that protects property owners from risk of loss to their real and personal property
Auto Insurance
Health Insurance
Life Insurance
Homeowners Insurance
Insurance that pays money to the beneficiary upon the death of the insured person
Auto Insurance
Health Insurance
Life Insurance
Homeowners Insurance
A policy that protects a car owner from losses as a result of accidents and other events
Auto Insurance
Health Insurance
Life Insurance
Homeowners Insurance
