Study sets matching "your financial"

Study sets
Classes
Users

Study sets matching "your financial"

20 terms
Your Financial Future: Insurance
Life Insurance
Homeowner's Insurance
Renter's Insurance
Automobile Insurance
Insurance that is used when someone passes away.
Insurance that covers your home and your possessions in your…
Insurance that protects someone who rents a home.
Insurance that covers ANY damage involving vehicles.
Life Insurance
Insurance that is used when someone passes away.
Homeowner's Insurance
Insurance that covers your home and your possessions in your…
20 terms
Your Financial Future: Investments
401(K)
IRA
Common Stock
Bond
A retirement account offered through an employer, where an em…
An Individual Retirement Account offered through an employer,…
A share in the ownership of a company. It represents a claim…
An interest earning loan to a company or government for a spe…
401(K)
A retirement account offered through an employer, where an em…
IRA
An Individual Retirement Account offered through an employer,…
12 terms
Your Financial Life
finances
expenses
income
money management
money you have
items you buy
Earnings from work or investment
How you handle money coming in and money going out
finances
money you have
expenses
items you buy
Your Financial Future
Interest rates
Loans
Investment
Currency
A percentage or rate paid back to the lender by the borrower.
-A debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
Interest rates
A percentage or rate paid back to the lender by the borrower.
Loans
-A debt that must be paid back to the borrower.
Your Financial Future
Premium
Deductable
A Claim
Liability (auto insurance)
your bill (usually monthly) that you pay for insurance for yo…
the amount of money you have to pay for a claim and then your…
when something happens and you need to use your insurance, yo…
car insurance that only covers the damage in an accident to t…
Premium
your bill (usually monthly) that you pay for insurance for yo…
Deductable
the amount of money you have to pay for a claim and then your…
Your Financial Future GAVL
interest rates
loans
investment
currency
A percentage or rate paid back to the lender by the borrower.
A debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
interest rates
A percentage or rate paid back to the lender by the borrower.
loans
A debt that must be paid back to the borrower.
Your Financial Well-Being
Financial goals
Financial planning
Financial well‐being
Well‐being
Specific objectives that are accomplished through financial p…
Managing money continuously through life in order to reach fi…
Managing money in ways that build a sense of competence, unde…
Feeling good about one's life
Financial goals
Specific objectives that are accomplished through financial p…
Financial planning
Managing money continuously through life in order to reach fi…
18 terms
Your Financial Future
Financial Plan
Financial Goals
SMART Goals
Needs
A set of goals for acquiring, saving, and spending money.
Measurable objective related to acquiring or spending money.
Specific, Measurable, Attainable, Relevant, Timely
Those things a person must have to survive, such as food, wat…
Financial Plan
A set of goals for acquiring, saving, and spending money.
Financial Goals
Measurable objective related to acquiring or spending money.
Your Financial Figure
Interest rates-
Loans-
Investment-
Currency-
A percentage or rate paid back to the lender by the borrower.
A debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
Interest rates-
A percentage or rate paid back to the lender by the borrower.
Loans-
A debt that must be paid back to the borrower.
Your Financial Future
Interest rates-
Loans-
Investment-
Currency-
A percentage or rate paid back to the lender by the borrower.
A debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
Interest rates-
A percentage or rate paid back to the lender by the borrower.
Loans-
A debt that must be paid back to the borrower.
16 terms
Your Financial Future
Interest rates
Loans
Investment
Currency
A percentage or rate paid back to the lender by the borrower.
A debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
Interest rates
A percentage or rate paid back to the lender by the borrower.
Loans
A debt that must be paid back to the borrower.
Your Financial Future
Interest rates
Loans
Investment
Currency
A percentage or rate paid back to the lender by the borrower
-A debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
Interest rates
A percentage or rate paid back to the lender by the borrower
Loans
-A debt that must be paid back to the borrower.
Your Financial Future
interest rates
loans
investment
currency
A percentage or rate paid back to the lender by the borrower.
A debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
interest rates
A percentage or rate paid back to the lender by the borrower.
loans
A debt that must be paid back to the borrower.
16 terms
Your Financial Future
Interest rates
Loans
investment
Currency
A percentage or rate paid back to the lender by the borrower.
A debt that must be paid back to the borrower
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services
Interest rates
A percentage or rate paid back to the lender by the borrower.
Loans
A debt that must be paid back to the borrower
15 terms
Your Financial Future
Interest rates
Loans
Investment
Currency
A percentage or rate paid back to the lender by the borrower.
A debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
Interest rates
A percentage or rate paid back to the lender by the borrower.
Loans
A debt that must be paid back to the borrower.
16 terms
Your Financial Future
Interest rates
Loans
Investment
Currency
A percentage or rate paid back to the lender by the borrower.
A debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
Interest rates
A percentage or rate paid back to the lender by the borrower.
Loans
A debt that must be paid back to the borrower.
15 terms
Your Financial Future1
Interest rates
Loans-
Investment
Currency
-A percentage or rate paid back to the lender by the borrower…
A debt that must be paid back to the borrower.
-accumulation of capital and resources such as houses, goods,…
-money used to purchase goods and services.
Interest rates
-A percentage or rate paid back to the lender by the borrower…
Loans-
A debt that must be paid back to the borrower.
18 terms
Financial Literacy- Your Financial Future
financial plan
financial goals
smart goals
needs
set of goals for acquiring, saving, and spending money
measurable objectives related to acquiring or spending money
specific, measurable, attainable, relevant, timely
things a person must have to survive
financial plan
set of goals for acquiring, saving, and spending money
financial goals
measurable objectives related to acquiring or spending money
22 terms
Budget: Charting Your Financial Course
Finance
Personal Finance
Financial Plan
Budget
refers to management of money
refers to how you manage your money and other things of finan…
a document that outlines your fi nancial goals and how you pl…
a detailed summary of expected income and expenses during a g…
Finance
refers to management of money
Personal Finance
refers to how you manage your money and other things of finan…
8 terms
Achieving Your Financial Goals
obtain
Plan
Spending wisely
save
_____ financial resources by working, investing, or owning pr…
_____ how you spend your money
spending less than you can earn is the only way to achieve fi…
_____ money on a regular basis, this helps pay bills, make ma…
obtain
_____ financial resources by working, investing, or owning pr…
Plan
_____ how you spend your money
11 terms
Your Financial Future
Financial Plan
Financial goals
Needs
Wants
Set of goals for acquiring, saving, and spending money
Measurable objectives related to acquiring or spending money
Things you need to survive like food, shelter, water
Things a person desires but it isn't necessary for survival
Financial Plan
Set of goals for acquiring, saving, and spending money
Financial goals
Measurable objectives related to acquiring or spending money
Your Financial Future: Insurance
Life Insurance
Homeowner's Insurance
Renter's Insurance
Automobile Insurance
A type of insurance that provides financial security for a... pe…
A type of insurance that covers your home as well as your pos…
A type of insurance that can protect someone who rents a home…
A type of insurance that covers any damage you may cause to a…
Life Insurance
A type of insurance that provides financial security for a... pe…
Homeowner's Insurance
A type of insurance that covers your home as well as your pos…
18 terms
Your Financial Future
Financial Plan
Financial Goal
SMART Goals
Needs
A set of goals for acquiring, saving, and spending money
Measurable objectives related to acquiring or spending money
Acronym for Specific, Measurable, Attainable, Relevant, Timely
Those things that a person must have to survive
Financial Plan
A set of goals for acquiring, saving, and spending money
Financial Goal
Measurable objectives related to acquiring or spending money
6 terms
Your financial future
Financial plan
Financial goals
SMART goals
Needs
A set of goals for acquiring, saving, and spending money.
Measurable objectives related to acquiring or spending money.
Making wise decisions for saving and spending money.
The things that a person must have to survive, such as food a…
Financial plan
A set of goals for acquiring, saving, and spending money.
Financial goals
Measurable objectives related to acquiring or spending money.
Your Financial Future
Interest rates
Loans
Investment
Currency
A percentage or rate paid back to the lender by the borrower.
A debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
Interest rates
A percentage or rate paid back to the lender by the borrower.
Loans
A debt that must be paid back to the borrower.
17 terms
Your Financial Future
Financial Plan
Financial Goals
Needs
Wants
set of goals for acquiring, saving, and spending money
measurable objectives related to acquiring money or spending…
things a person must have to survive
things a person desires but are not necessary for survival
Financial Plan
set of goals for acquiring, saving, and spending money
Financial Goals
measurable objectives related to acquiring money or spending…
Your Financial Future
Interest rates
Investment
Currency
Exchange rate
A percentage or rate paid back to the lender by the borrower.
Accumulation of capital and resources such as houses, goods,…
Money used to purchase goods and services.
The rate at which one currency can be exchanged for another.
Interest rates
A percentage or rate paid back to the lender by the borrower.
Investment
Accumulation of capital and resources such as houses, goods,…
Your Financial Future
Interest rates
Loans
Investment
Currency
A percentage or rate paid back to the lender by the borrower.
-A debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
Interest rates
A percentage or rate paid back to the lender by the borrower.
Loans
-A debt that must be paid back to the borrower.
Your Financial Future <(")
interest rates
Loans
Investment
Currency
A percentage or rate paid back to the lender by the borrower.
debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
interest rates
A percentage or rate paid back to the lender by the borrower.
Loans
debt that must be paid back to the borrower.
16 terms
Your Financial Future
Interest rates
Loans
Investment
Currency
A percentage or rate paid back to the lender by the borrower.
A debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
Interest rates
A percentage or rate paid back to the lender by the borrower.
Loans
A debt that must be paid back to the borrower.
18 terms
Your Financial Future
Financial Plan
Financial Goals
SMART Goals
Needs
A set of goals for acquiring, saving and spending money.
Are measurable objectives related to acquiring or spending mo…
Specific, Measurable, Attainable, Relevant, Timely
Are those things a person must have to survive, such as food,…
Financial Plan
A set of goals for acquiring, saving and spending money.
Financial Goals
Are measurable objectives related to acquiring or spending mo…
18 terms
Your Financial Future
Financial Plan
Financial Goals
Smart Goals
Needs
A set of goals for acquiring, saving, and spending money.
Measurable objectives related to acquiring or spending money.
Stands for Specific, Measurable, Attainable, Relevant, and Ti…
Things a person must have to survive, such as food, water, sh…
Financial Plan
A set of goals for acquiring, saving, and spending money.
Financial Goals
Measurable objectives related to acquiring or spending money.
Your financial future
Financial plan
Financial goals
SMART goals
Needs
A set of goals for aquiring, saving, and spending money.
Measurable objectives related to aquiring or spending money.
Stands for Specific, Measurable, Attainable, Relevant, and Ti…
Things a person must have to survive, such as food, water, sh…
Financial plan
A set of goals for aquiring, saving, and spending money.
Financial goals
Measurable objectives related to aquiring or spending money.
Controlling your Financial Future
Canada Home Income Plan (CHIP)
Reverse Annuity Mortgage (RAM)
Not income taxed:
Adult lifestyle/retirement communities
Lifetime reverse mortgage. For homeowners 55 or older. Tax-fr…
A loan based on the equity in a home that provides elderly ho…
GIS benefits, trading down your home, reverse mortgage
Independent living residences (bungalows, townhouses, smaller…
Canada Home Income Plan (CHIP)
Lifetime reverse mortgage. For homeowners 55 or older. Tax-fr…
Reverse Annuity Mortgage (RAM)
A loan based on the equity in a home that provides elderly ho…
Check Your Financial IQ
Establish your goals
Evaluate your current financial position
Identify and evaluate the options for…
Pick the best plan
1
2
3
4
Establish your goals
1
Evaluate your current financial position
2
Your Financial Future
Interest rates
Loans
Investment
Currency
A percentage or rate paid back to the lender by the borrower.
A debt that must be paid back to the borrower.
Accumulation of capital and resources such as houses, goods,…
Money used to purchase goods and services.
Interest rates
A percentage or rate paid back to the lender by the borrower.
Loans
A debt that must be paid back to the borrower.
Your Financial Futur
Interest rates
Loans
Investment
Currency
A percentage or rate paid back to the lender by the borrower.
A debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
Interest rates
A percentage or rate paid back to the lender by the borrower.
Loans
A debt that must be paid back to the borrower.
16 terms
Your Financial Future
Interest rates-
Loans-
Investment-
Currency-
A percentage or rate paid back to the lender by the borrower.
A debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
Interest rates-
A percentage or rate paid back to the lender by the borrower.
Loans-
A debt that must be paid back to the borrower.
Your Financial Future
Interest rates
Loans
Investment
Currency
A percentage or rate paid back to the lender by the borrower.
A debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
Interest rates
A percentage or rate paid back to the lender by the borrower.
Loans
A debt that must be paid back to the borrower.
16 terms
Your Financial Future
Interest rates
Loans
Investment
Currency
A percentage or rate paid back to the lender by the borrower.
A debt that must be paid back to the borrower.
accumulation of capital and resources such as houses, goods,…
money used to purchase goods and services.
Interest rates
A percentage or rate paid back to the lender by the borrower.
Loans
A debt that must be paid back to the borrower.
Your Financial Future
Interest rates-A percentage or rate pa…
Loans-A debt that must be paid back to…
Investment-accumulation of capital and…
Currency-money used to purchase goods…
...
...
...
...
Interest rates-A percentage or rate pa…
...
Loans-A debt that must be paid back to…
...
12 terms
Your Financial Future
rental property
entrepreuneur
franchise fee
franchise
Rental estate that you own and rent or lease to someone to ge…
A person who organizes and operates a business.
A fee that a person pays to operate a franchise branch of a l…
An agreement that allows you to sell a company's product or s…
rental property
Rental estate that you own and rent or lease to someone to ge…
entrepreuneur
A person who organizes and operates a business.
18 terms
Your Financial Future
financial plan
financial goals
SMART goals
needs
a set of goals for acquiring, saving and spending money
measurable objectives related to acquiring or spending money
specific... measurable... attainable... relevant... timely
must have to survive
financial plan
a set of goals for acquiring, saving and spending money
financial goals
measurable objectives related to acquiring or spending money
Your Financial Future
Financial Plan
Financial Goals
SMART Goals
Needs
A set of goals for acquiring, saving, and spending money
Measurable objectives related to acquiring or spending money
Reasonable short and long term goals for your financial plan.…
Things a person must have in order to survive.
Financial Plan
A set of goals for acquiring, saving, and spending money
Financial Goals
Measurable objectives related to acquiring or spending money
12 terms
Your Financial Future
Rental Property
Entrepreneur
Franchise Fee
Franchise
A property from which the owner receives payment from the occ…
Someone who exercises initiative by organizing a venture to t…
An upfront fee incurred by an individual or an enterprise for…
A right conferred or established by a government, such as the…
Rental Property
A property from which the owner receives payment from the occ…
Entrepreneur
Someone who exercises initiative by organizing a venture to t…
13 terms
Measuring Your Financial Health
Balance Sheet
Income Statement
Assets
Current Liabilities
Assets - Liabilities = Net Worth. A snapshot of overall finan…
Income - Expenses = Money left for savings
Your possessions even if you owe money on them
Debt that must be paid off within the next year
Balance Sheet
Assets - Liabilities = Net Worth. A snapshot of overall finan…
Income Statement
Income - Expenses = Money left for savings
Your Financial Future
Interest rates-A percentage or rate pa…
Loans-A debt that must be paid back to…
Investment-accumulation of capital and…
Currency-money used to purchase goods…
...
...
...
...
Interest rates-A percentage or rate pa…
...
Loans-A debt that must be paid back to…
...
19 terms
Your Financial Future
Finanical Plan
Financial Goals
SMART Goals
Needs
set of goals for acquiring, saving, and spending money.... also…
measurable objectives related to aquiring or spending money
stands for Specific, Measurable, Attainable, Relevant, Timely
things a person must have to survive
Finanical Plan
set of goals for acquiring, saving, and spending money.... also…
Financial Goals
measurable objectives related to aquiring or spending money
18 terms
Your Financial Future
Financial Plan
Financial Goals
SMART Goals
Needs
A set of goals for acquiring, saving, and spending money
Measurable objectives related to acquiring and spending money
Helps to focus on preforming work tasks:... S-specific... M-measura…
Things a person must have to survive... -food... -water... -shelter... -c…
Financial Plan
A set of goals for acquiring, saving, and spending money
Financial Goals
Measurable objectives related to acquiring and spending money
Your Financial Future
Finacial Plan
Financial Goal
Needs
Wants
Set a goals for acquiring, saving, and spending money
Measureable objectives related to acquiring or spending money
Those things a person must have in order to survive
Something that one desires, but is not necessary for one surv…
Finacial Plan
Set a goals for acquiring, saving, and spending money
Financial Goal
Measureable objectives related to acquiring or spending money
1 of 10