Money Mastery for Teens by Lawrence Vega

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  Chapter 8 Study Guide | Print out this page or write down questions below and fill them in as you read through Chapter 8  Why is budgeting in college important? What are the 9 points mentioned to create a budget for college? What are the 6 additional tips for budgeting for college? What is financial aid? What are the 3 mentioned types of financial aid? What does FAFSA stand for? What’s a student loan? What are the 2 mentioned types of student loans? What are the benefits of federal student loans? Fill in the blank Understanding the repayment conditions, loan specifics, There are 4  “Various financing methods are available for higher education -” What are the 6 points mentioned on Student loans? What is a Grant? Who can you receive a scholarship from? What is a work-study program? What are the 8 mentioned steps to building a strong financial future after college? Which idea stands out the most to you out of the 15 ideas listed for after graduation? Fill in the blank Preparing for re

  Chapter 7 Study Guide | Print out this page or write down questions below and fill them in as you read through Chapter 7  Fill in the blank This chapter specifically focuses on helping teens    As stated in the book: “No matter your passions or business ideas, it is always necessary to take the first step. There is no better lesson than trying and failing.” Do you agree with this statement? What are the 8 mentioned benefits of part-time jobs and internships?   What are the 12 benefits of working a part-time job as a student? What are the 12 benefits of internships? What are the 10 tips for searching for a job? What are the 4 mentioned online platforms for searching for a job? What are the 2 mentioned online platforms specifically for teens searching for a job online? What are the 5 mentioned suggestions for networking? What are the 10 steps to turning Interests into side hustles? What are the 5 steps to turning a hobby into a si

Chapter 6 Study Guide | Print out this page or write down questions below and fill them in as you read through Chapter 6 Fill in the blanks  Credit is the financial That allows us to purchase significant items such as Positive Credit scores can lead to  What is credit? What Latin term does “credit” originate from? What are the 3 mentioned forms of Credit? Fill in the blank The credit system is fundamentally based on  What is Revolving Credit? What does LOC stand for? Is there a perpetual borrowing option with revolving credit?  What is Instalment Credit? What happens if I pay off my installment loan early?  What is Open Credit? What is the penalty for not fully settling my open credit balance?  Fill in the blank Your credit score is crucial in determining  What are the 3 chief Credit bureaus mentioned? What does FICO stand for? What are the 5 main components of a FICO score? What is payment History?

Chapter 5 Study Guide | Print out this page or write down questions below and fill them in as you read through Chapter 5 Fill in the blank using your own words or quote directly from the book.  What are the 4 types of bank accounts? What does CD stand for? What are the 4 mentioned features of a checking account? What are the 3 mentioned features of a savings account? What are the 3 mentioned features of money market accounts? What are the 3 mentioned features of Certificates of deposit accounts?  What are the 4 key differences of a checking and savings account? What is a joint account? What are the 5 mentioned advantages of having a joint account? What are the 5 mentioned downsides of having a joint account? What are the 5 mentioned pros of having multiple savings accounts? What are the 5 mentioned cons of having multiple savings accounts? What are the 6 key points in choosing the right financial services? What are the 12 key

Chapter 4 Study Guide | Print out this page or write down questions below and fill them in  as you read through Chapter 4 Fill in the blank using your words or quote directly from the book. What are the 5 main types of investments mentioned? What is a stock? What are the 2 primary classes of stocks? What are some benefits of investing in stocks? What are some pitfalls of investing in stocks? What is a Bond? What are the 4 types of bonds mentioned? What are the 4 key characteristics of bonds? What is Face Value? What are the 3 mentioned benefits of investing in bonds? What are the 4 mentioned risks of investing in bonds? What is a mutual fund? What does NAV stand for? What are the 6 mentioned varieties of Mutual Funds? What are the 4 mentioned benefits of investing in Mutual Funds? What are the 4 mentioned pitfalls of investing in Mutual Funds? What is an EFT? What does EFT stand for? What are the 3 mentioned characteristics of an EFT? What are the 6 mentioned varieties of EFTs? What ar

Chapter 3 Study Guide | Print out this page or write down questions below and fill them in as you read through Chapter 3 Fill in the blank using your own words or quote directly from the book.  What is the 8th wonder of the world? What are the 3 points mentioned to understand compound interest better?  What are the 5 points mentioned on how compound interest can impact your savings over time? What is the Rule of 72? True or False? The formula for the Rule of 72 is:  Time (to double your capital) = 72/ annual interest rate  What are the 5 points mentioned as advantages of the Rule of 72? What are the 3 points mentioned on the benefits of starting to save and invest early?  What is wealth enhancement? True or False: All stocks carry the same level of risk?  True or False: A diversified portfolio helps buffer the highs and lows of investing? What are the 3 points mentioned on embarking on saving and investing early in life? Who is Jeremy Schneid

Chapter 2 Study Guide | Print out this page or write down questions below and fill them in as you read through Chapter 2  Fill in the blank using your own words or quote directly from the book.  What exactly is saving? What are the 3 points mentioned on why saving is important? What are the 4 points mentioned on How to save with the help of Budgeting? What are the 12 tips for creating a practical budget? Fill in the acronym  SMART GOALS: S M A R T  What is short-term savings? What is long-term savings?  What are the 8 points mentioned for long-term financial planning? 

Chapter 1 Study Guide | Print out this page or write down questions below and fill them in as you read through Chapter 1 What is the Barter system?  What main commodity replaced the Barter system? What were paper note currencies?  Why did people switch to paper note currencies? What are the 4 most commonly traded currencies today?  What are digital currencies?  What are the 2 most common cryptocurrencies mentioned?  Fill in the rest of the Sentence.      Inflation signifies:  What percentage is ordinary inflation rates:  What percentages are considered hyperinflation rates:  What are the 6 mentioned impact points of inflation on personal finances? What are the 5 living costs, mentioned, impacted by inflation?  Governments primarily fight inflation through:  The 7 main employed strategies to fight inflation are:  What are the 5 points mentioned on why personal finance is important? List top 7 money managing tips: List the 12

Here's a short Trivia quiz for you to take once you've finished Money Mastery for Teens Trivia On Personal Finance: MCQ Quiz

  Credit score report worksheet Interactive Element Let us take a look at a credit card activity that is designed exclusively for you.  Objective The goal of this task is to encourage individuals to examine a standard credit report to decipher its individual sections and comprehend its influence on their credit score. This will acquaint you with the terminologies used in credit reports and help you proficiently interpret your personal report. Instructions Fetch a sample credit report from one of the three prime crediting institutions: Equifax, Experian, or TransUnion. You can print or download it. Investigate the sample credit report and offer responses to the questions listed below. A calculator or a spreadsheet will aid in making the required calculations. Questions Identify the name and residential details of the person whose credit report this is. What is the birth date and Social Security Number of this consumer? How many credit investigation records are there on this person'