Financial Literacy

What are two important reasons to develop a vision board?

• Helps you commit to what you want to accomplish and help identify steps needed to accomplish your goal

• Improves sight and identify that you need help with improving your vision

• Gives you something to do and time to complete your task

• Arranges your goals and creates happiness

What is the difference between job and career?

• A job is for life, and a career is for money.

• A job is done for money, and a career is something you train for.

• A job is easy work, and a career is hard work.

• A job is from 9:00 a.m. to 5:00 p.m., and a career is 10:00 a.m. to 6:00 p.m.

What is Credit?

• Liabilities

• Assets on hand

• You owe money to a lender

• You have been approved to borrow and pay later

What is debt?

• You have been approved to borrow and pay later

• Inflation

• You owe money to a lender

• Money you earn from savings or investments

What is a fixed expense?

• Money you earn from savings or investments.

• Do not change, same amount every month.

• Occur on regular basis, but amount due varies from month to month.

• You have been approved to borrow and pay later.

What is a deposit?

• Putting money in your account.

• You have been approved to borrow and pay later.

• Money you earn from savings or investments.

• You owe money to a lender.

True or False: Interest is money you earn from savings or investments

• True

• False

True or False: Interest is money you owe when you have debt

• True

• False

______ is putting money in your account.

• Withdrawal

• Debt

• Credit

• Deposit

_____is when you take money out of your account.

• Withdraw

• Deposit

• Borrow

• Earn