$100 $300 $100 $400 $100 $300 $200 $100 $100 $200 $500 $200 $500 $200 $300 $200 $500 $300 $500 $300 $400 $400 $400 $500 $400

Savings

Investing

Credit

Random

Credit Score/Report

Credit Score/ Report Savings Investing Credit Random $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500

These are two example of Savings Vehicles. CATEGORY 1 - $100 These are two example of Savings Vehicles.

This Savings Vehicle is most liquid of all the Savings options. CATEGORY 1 - $200 This Savings Vehicle is most liquid of all the Savings options.

CATEGORY 1 - $300 This Savings Vehicle is an insured account offered at banks, usually requiring a higher deposit.

CATEGORY 1 - $400 This rule can help you calculate either the number of years or the interest rate needed to double your money.

What is the difference between saving and investing? CATEGORY 1 - $500 What is the difference between saving and investing? Why choose either?

This term refers to how quickly your asset can be turned into cash. CATEGORY 2 - $100 This term refers to how quickly your asset can be turned into cash.

CATEGORY 2 - $200 This is the term used when you invest your money into several different types of accounts with different levels of risk.

When we talk about a “return on investment”, what does that mean? CATEGORY 2 - $300 When we talk about a “return on investment”, what does that mean?

What is the relationship between risk and return? CATEGORY 2 - $400 What is the relationship between risk and return?

CATEGORY 2 - $500 Give an example of an investment at each level on the Financial Pyramid…

This term is used to describe what you must pay to borrow money. CATEGORY 3 - $100 This term is used to describe what you must pay to borrow money. (It is also used to describe what you make when you invest in a savings account/cd/bond)

CATEGORY 3 - $200 This term is used to describe the maximum amount of charges allowed to an account. .

CATEGORY 3 - $300 What is APR stand for? How does it work?

What are 2 advantages of credit? What are 2 disadvantages of credit? CATEGORY 3 - $400 What are 2 advantages of credit? What are 2 disadvantages of credit?

What are the 5 C’s of credit? CATEGORY 3 - $500 What are the 5 C’s of credit?

How often may a person view/his her credit report for free? CATEGORY 4 - $100 How often may a person view/his her credit report for free?

Most risk-free investment is? CATEGORY 4 - $200 Most risk-free investment is?

Earning interest on interest is the definition for? CATEGORY 4 - $300 Earning interest on interest is the definition for?

CATEGORY 4 - $400 Suppose you decided to pay off a loan in 24 months instead of 60 months. What would happen to the monthly payment and to the total amount you would pay?

These investments carry the largest risk? CATEGORY 4 - $500 These investments carry the largest risk?

What term does this define? CATEGORY 5 - $100 What term does this define? Numerical Value that represents a persons ability to repay a loan.

What things can affect your credit score? CATEGORY 5 - $200 What things can affect your credit score?

What are at least 3 things it shows? CATEGORY 5 - $300 What is a credit report? What are at least 3 things it shows?

What are two things that will affect your credit score Negatively? CATEGORY 5 - $400 What are two things that will affect your credit score Negatively? Positively?

How does your credit score effect loans and interest rate? CATEGORY 5 - $500 How does your credit score effect loans and interest rate?

Certificate of Deposit Money Market Deposit Account CATEGORY 1 - $100 Savings Account Certificate of Deposit Money Market Deposit Account

CATEGORY 1 - $200 Savings Account

Money Market Deposit Account CATEGORY 1 - $300 Money Market Deposit Account

CATEGORY 1 - $400 The Rule of 72

Savings – Financial Security CATEGORY 1 - $500 Savings – Financial Security Investing – To Build Wealth (Long-term Goals) Savings – Lower risk Investing – Higher chance for potential profit

CATEGORY 2 - $100 Liquidity

CATEGORY 2 - $200 Diversify

How much profit you make CATEGORY 2 - $300 How much profit you make

Higher Risk = Higher Potential Return Lower Risk = Lower Return CATEGORY 2 - $400 Higher Risk = Higher Potential Return Lower Risk = Lower Return

Basic Financial Planning (Protection) CATEGORY 2 - $500 Speculative Real Estate Commodities Capital Growth Mutual Funds Stocks Bonds Financial Growth Savings Account Retirement Certificate of Deposit Income Will Insurance Emergency Basic Financial Planning (Protection)

CATEGORY 3 - $100 Interest

CATEGORY 3 - $200 Credit Limit

Annual Percentage Rate 16% APR = $16 per for every $100 charged CATEGORY 3 - $300 Annual Percentage Rate 16% APR = $16 per for every $100 charged

Safer than cash, spread payments over time & Build Credit CATEGORY 3 - $400 Advantages: Safer than cash, spread payments over time & Build Credit Disadvantages: Interest charges, Potential for Fraud, May over spend & Bad Debt

Collateral Character Capital Capacity to Pay Conditions CATEGORY 3 - $500 Collateral Character Capital Capacity to Pay Conditions

Once a year from each agency CATEGORY 4 - $100 Once a year from each agency

Insured account in a bank CATEGORY 4 - $200 Insured account in a bank

CATEGORY 4 - $300 Compound Interest

Monthly payment would increase; Total payment would decrease CATEGORY 4 - $400 Monthly payment would increase; Total payment would decrease

Speculative Investments CATEGORY 4 - $500 Speculative Investments

CATEGORY 5 - $100 Credit Score

Late Payments/On time Payments Number of Credit Cards Amount of debt CATEGORY 5 - $200 Late Payments/On time Payments Number of Credit Cards Amount of debt Number of inquiries

Payments (on time or late) All loans/credit Balances Credit Limit CATEGORY 5 - $300 Shows: Payments (on time or late) All loans/credit Balances Credit Limit Accounts in Collection Hard and Soft Credit Checks

Positive: Negative: Maintain reasonable number of CC CATEGORY 5 - $400 Positive: Maintain reasonable number of CC Check Credit report yearly Negative: Late Payments Lots of credit applications in a short time frame

Lower Interest Rates on Loans CATEGORY 5 - $500 Higher Credit Score = Lower Interest Rates on Loans

Investing

FINAL CATEGORY If Susie invests $600 at age 20 into an account earning 6% interest, how many times will Susie’s investment double before she turns 56? What will her investment be worth?

It will take 12 years to double FINAL CATEGORY It will take 12 years to double It will double 3 times Total Value: $4,800

Daily Doubles and usage notes follow... END OF GAME Daily Doubles and usage notes follow...