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Financial Planning Budget Words

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					Date: March 20, 2012                                   Teacher: SFC Jackson

Class: JROTC                                         Name: ____________

Subject: Financial Planning & Budgeting Key Words.

1. Debt: ___________________________________________________________________

2. Delayed Gratification: _____________________________________________________

3. Education: ______________________________________________________________

4. Employee Benefits: _______________________________________________________
   _______________________________________________________________________

5. Career: _________________________________________________________________

6. Cash Flow: ______________________________________________________________

7. Budget: _________________________________________________________________
   ________________________________________________________________________

8. Bankruptcy: _____________________________________________________________
   _______________________________________________________________________

9. Expenses: _______________________________________________________________

10. Federal Income Tax: ______________________________________________________
    ________________________________________________________________________

11. Finance Charge: __________________________________________________________

12. Financial Planning: _______________________________________________________

13. Goal: ___________________________________________________________________

14. Gross Income: ___________________________________________________________

15. Income: ________________________________________________________________

16. Inflation: ________________________________________________________________

17. Insurance: _______________________________________________________________

18. Job: ____________________________________________________________________




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19. Mutual Fund: ____________________________________________________________

20. Needs: _________________________________________________________________

21. Net Income: _____________________________________________________________
    ________________________________________________________________________

22. Saving: _________________________________________________________________

23. Stock___________________________________________________________________

24. Taxes: __________________________________________________________________

25. Values: _________________________________________________________________

26. Variable Expenses: ________________________________________________________

27. Social Security: __________________________________________________________
    _______________________________________________________________________

28. State Income Tax: ________________________________________________________
    _______________________________________________________________________

29. P. Y. F. ________________________________________________________________

30. Invest: _________________________________________________________________
    _______________________________________________________________________

31. How do taxes and other payroll deductions affect your pay check? __________________
    _______________________________________________________________________

32. What do P .Y. F mean, and how can it benefit you? ______________________________
    ________________________________________________________________________

33. How can you make the best use of your cash?
    ___________________________________
    ________________________________________________________________________

34. What are the four common payroll deductions from your pay checks?
      a. _________________ b. ________________ c. _____________ d. ____________

35. What is a W4 Form? ______________________________________________________
    _______________________________________________________________________

36. What is a W2 Form? ______________________________________________________
    _______________________________________________________________________



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Date: March 20, 2012                          JROTC: 7TH PD

Cadet: _____________________                  Teacher: SFC Jackson



                  MY Short-Term GOALS
   1. ________________________________________________

   2. ________________________________________________

   3. ________________________________________________



                         MY Mid -Term GOALS

   4. ________________________________________________

   5. ________________________________________________

   6. ________________________________________________



                  MY Long -Term GOALS
   7. ________________________________________________

   8. ________________________________________________

   9. ________________________________________________


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Date: Mar 23, 2012                                                   JROTC:

Cadet: _____________________                                         Teacher: SFC Jackson

Unit 4 Your Money at Work, Financial Planning page 43 to 56

1. How can you develop the habit of saving? _________________________________________
   ___________________________________________________________________________

2. Invest: _____________________________________________________________________

3. Time value of money: _________________________________________________________

4. Saving: _____________________________________________________________________

5. What is the different between investing and saving? __________________________________
   ____________________________________________________________________________

6. What’s a quick way to fine out how long it will take your money to double? ______________
   ___________________________________________________________________________

7. What is the different between a stock and a bond? ___________________________________
   ___________________________________________________________________________

8. How do mutual funds work? ____________________________________________________
   ____________________________________________________________________________

9. Earned Interest: ______________________________________________________________

10. What are the three factors that will determine how much money will be available to meet
your financial goals?
  a. __________________________ b. _____________________ c. _____________________

11. Compounding: ______________________________________________________________

12. What is the Rule of 72? _______________________________________________________
    __________________________________________________________________________

13. What is the Rule of 72 used for? ________________________________________________

14. Rate of Return: _____________________________________________________________

15. What do we mean by Risk and Return? ___________________________________________
    __________________________________________________________________________

16. Inflation: ___________________________________________________________________


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17. Diversification: _____________________________________________________________

18. Taxes: _____________________________________________________________________

19. Bond: _____________________________________________________________________

20. CD: _______________________________________________________________________

21. Stocks: ____________________________________________________________________

22. Money Market Accounts: _____________________________________________________
    __________________________________________________________________________

23. Capital Gain: _______________________________________________________________

24. Mutual Fund: _______________________________________________________________

25. Real Estate: ________________________________________________________________

26. List three examples of some collectibles.
    a. ______________________ b. _______________________ c. ___________________

27. Investors who want professional management turn to _________________________

28. List three different time line that a bank may use when you invest in a Certificate of Deposit.
    a. __________________________ b. _______________________ c. __________________

29. Which one pays a higher rate of interest corporate bonds or Government bonds? _________

30. True or False: When getting paid, should you pay yourself first or your bills first.

31. What are collectibles? ________________________________________________________
    __________________________________________________________________________

32. What is mutual funds design for? ______________________________________________
     _________________________________________________________________________

33. List three different forms of real estate investments.
    a. _________________________ b. ____________________ c. _____________________

34. Describe why you should save some money from your pay check.
    _________________________________________________________________________
35. Describe why you should invest some money from your pay check. ___________________
    _________________________________________________________________________




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Date: March 22, 2011      JROTC 1        Teacher: SFC Jackson   Cadet: ________________
Unit 5 Credit: Buy Now, Pay Later page 59 to 70 Finance Book

1. Credit: _____________________________________________________________________
   ___________________________________________________________________________

2. Interest: ____________________________________________________________________
   ___________________________________________________________________________

3. APR: _______________________________________________________________________
   ____________________________________________________________________________

4. Annual Fee: _________________________________________________________________
   ___________________________________________________________________________

5. Finance Charge: ______________________________________________________________
   ____________________________________________________________________________

6. Origination Fee: ______________________________________________________________
   ___________________________________________________________________________

7. Loan Term: __________________________________________________________________
   ____________________________________________________________________________

8. Interest Rate: ________________________________________________________________
   ___________________________________________________________________________

9. List two places where you can get credit. a. _____________________ b. _________________

10. Auto dealers often provide ___________ for new cars.

11. List three places where a student can get a loan to attend college.
    a. ____________________ b. _______________________ c. ________________________

12. List three places on where you can use your credit card to make purchases.
    a. ________________________ b. ___________________ c. _______________________

13. List four examples of credit benefits.
    a. __________________ b. ___________________ c. ______________________
    d. _______________________

14. List four ways you can use credit cards to your advantage.
    a. _______________ b. ________________ c. ___________________ d. _______________

15. What is a student loan? _______________________________________________________
    __________________________________________________________________________



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16. How long does it normally take some one to pay off a home mortgage?
    a. _____________ to ___________ years.

17. What is a credit report? ______________________________________________________
    _________________________________________________________________________

18. What is debt? ______________________________________________________________
    _________________________________________________________________________

19. What is bankruptcy? ________________________________________________________
    _________________________________________________________________________

20. What are the two types of bankruptcy? a. ___________________ b. ___________________

21. List two ways why bankruptcy is very costly?
    a. ________________________________________________________________________
     b. ________________________________________________________________________

22. What is the purpose of an installment loan? ______________________________________
    _________________________________________________________________________

23. List two institutions that offer installment loans? a. ________________ b. _______________

24. On your credit report how long does it reflect your credit history?
     _______ to _________ years

25. List one potential lender that may want to do a credit check on you if you were buying a new
   House? ____________________________

26. What are some things you need to check for when comparing credit offers while shopping for
the best credit cards? List two below.
   a. _____________________________ b. _________________________________________

27. What does a person’s credit score help lenders do? _________________________________

28. What are the three C’s that a lender take into consideration when looking at your credit
scoring?
  a. _________________________ b. ________________________ c. __________________

29. List two questions you should ask yourself before signing the dotted line.
    a. _______________________________________________________________________
   b. _________________________________________________________________________

30. What is one plan to get out of excessive debt? _____________________________________
    _________________________________________________________________________



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