7 July 2014
Chapter 18 and 19 Notes
Chapter 18.1: Using Credit Wisely
You have responsibilities to yourselves, and creditors. And creditors have responsibilities
Comparison shopping involves checking several places to be sure you are
27 June 2014
Financial Literacy Chapter 5 and 6 notes
5.1: Required Work Forms:
When you get a job, you have to fill out a lot of forms. Some employer will fill out, some
you will have to fill. If you are under 16, you wil
30 June 2014
Chapter 7 Notes
7.1- Our Tax System:
These incoming funds to the government (taxes) are called revenue.
Congress decides where to spend the money.
Progressive taxes take a larger share of income as the amount of income grows.
1 July 2014
Chapter 10 and 20 Notes
Chapter 10.1: Growing Money: Why, Where and How
People should save for expected and unexpected future needs. Saving regularly helps
Short-term needs (emergencies, vacations, repairs) are expenses
8 July 2014
Chapter 11 and 12 Notes
Chapter 11.1: Basic Investment Concepts
Investing is the use of long-term savings to earn a financial return. It provides a source of
income in addition to your paycheck.
Inflation is a rise in the general
9 July 2014
Chapter 13 and 14 notes
Chapter 13.1: Evaluating Bonds
Bondholders (those who invest in bonds) receive interest twice a year.
Face value is the amount the bondholder will be repaid at maturity.
A callable bond is a bond that the
2 July 2014
Chapter 16 and 17 Notes
Chapter 16.1: Credit: What and Why
Credit is the use of someone elses money, borrowed now with the agreement to pay it
A debtor is a person who borrows money from others. This money, called debt,
10 July 2014
Chapter 15 notes
Chapter 15.1: Planning for retirement
A reverse mortgage is a loan against the equity in the borrowers home.
Current market value is the amount for which you could sell your home now.
Assessed value is what the
14 July 2014
Chapter 21 and 22 Notes
Chapter 21.1: Housing Choices
A dormitory is an on-campus building that contains many small rooms that are rented out to students.
When you live in a co-op, you get a room similar to one in a dormitory at
16 July 2014
Chapter 23, 28, 29 Notes
Chapter 23.1: Buying a Vehicle
Consumer Reports or Car and Driver are print and online magazines that offer an abundance of
information on different car models.
Preapproval is the process of getting a new
10 July 2014
Chapter 25 Notes
Chapter 25.1: Understanding Risk
Risk is a state of uncertainty where some of the possibilities may result in loss or another
Uncertainty is the likelihood that something will or will not hap
14 July 2014
Chapter 26 and 27 Notes
Chapter 26.1: Property Insurance
A renters policy is insurance that protects renters from property and liability risks.
A homeowners policy is insurance that protects property owners from property and liab