Personal Finance State Personal Finance Standard (Grade 11 &12) Apply PF 2.1 Execute a rational decision-making process considering alternatives and consequences.

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Personal Finance State Personal Finance Standard (Grade 11 &12) Apply PF 2.1 Execute a rational decision-making process considering alternatives and consequences. Analyze PF 2.2 Differentiate between various money management tools. Create PF 2.3 Generate a system to organize finances and maintain records By: Mary Jensen

Budget

Money Management Tools CDs Bonds Saving Account Checking Account Money Market Account Mutual Funds Stocks

Certificates of Deposits (CD) Holds a Fixed Amount of Money For a Fixed Amount of Time Six Months One Year Five Years In Exchange the Bank Pays Interest

Saving Accounts Maintained by Retail Financial Institutions Pays Interest on Liquid Assets Cannot be Used Directly as a Checking Account

Bonds Known as a fixed-income security Created for Raising Capital Essentially Loan Agreements Between Bond Issuers and investors

Financial Institution Allows Withdrawals Deposits Very Liquid Method Types of Withdrawals Checks Automated Cash Machines Electronic Debits Debit Visa/Mastercard

Money Market Account

Mutual Funds

Stocks

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