1. Money Review Review In groups of 2 get slate board Marker & tissues

2. Bank, credit unions and savings and loan firms Insurance for banks, credit unions and savings and loan. Checks that haven’t cleared the bank. Setting goals and developing a plan for finances. An instant loan that guarantees checks up to a specified amount. Financial Planning FDIC,SAIF, NCAU outstanding checks Financial institutions overdraft protection

3. The maximum amount you can borrow The interest you pay to use other people’s money.Two types: Chapter 7 and Chapter 13 Annual Percentage Rate A record of your personal financial transactions used to determine risk APR Credit Report credit limit bankrupt cy cost of Credit

4. The amount you pay for the money you borrowThe original amount you borrowed A person who accepts responsibility to pay the loan if you default. Law that says you can see your credit report and dispute anything that is false. Expenses that change from month to month. Ex. groceries Fair Credit Reporting Act principle cosign interest flexible expense

5. An individual retirement account. Debit card transactions are deducted out of checking, credit cards are loans Recommended % of budget for housing budget A plan to use Wills and Trusts to distribute assets.Recommended % of budget for transportation & food Estate Planning Debit vs. Credit Card 30-35% IRA 15%

6. The higher the investment risk- the higher the investment return. The percentage charged to borrow money. (higher rate = more cost.). Putting money in several different types of investments. Part ownership in a companyAsset that is easily converted into cash. Stocks Liquidity Risk & return Diversify Interest

7. Expenses that stay the same every month. Ex. Rent, car payment, etc. Money saved that is easily accessible in case of an emergency. Earning interest on interest.Easiest tax form to do. How long it takes for your money to double. emergency funds compoundin g interest Fixed Expenses Fixed Expenses Rule of 72 1040EZ