Introducing 

Prezi AI.

Your new presentation assistant.

Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.

Loading…
Transcript

Personal Finance • Ch. 10 Vocabulary

Saving for the Future

#5 Loan Consolidation

All loans ae combined into one large loan.

• I | Me | My

• You | Your | You're

• He | Him | His

• She | Her | Hers

• It | It's

• They | Them | Their | They're

• We | Us | Our | Ours

Loan consolidation helped Andrew to keep track of his debt without missing payments.

#17 Automatic Deductions

Money you have authorized your bank or other organization to move from one account to another at regular intervals.

Sadie never trusted electronics, so she refused to convert to using automatic deductions.

#17 Payroll Savings Plan

You authorize your employer to make automatic deductions from your paycheck each pay period.

Daniel used a payroll savings plan to deposit money into his retirement account.

#16 Direct Deposit

Net pay is deposited electronically into your bank account.

Direct deposit was one more way to keep Eddy from getting stressed out about his banking.

The liquidity of Josiah's savings account was much higher than Marco's down-payment on his house.

#11 Liquidity

A measure of how quickly you an get your cash without loss of value.

#12 Certificate of Deposit

A deposit that earns a fixed interest rate for a specified length of time.

While Danielle's certificate of deposit earned a high interest rate, she had to sacrifice the liquidity of her money.

#2 Long-Term Needs

Expenses that are costly and require years of planning and saving.

#4 Student Loans

Money borrowed from the federal government to pay for education.

Lewis saved for his long-term need of college tuition, but he was lucky enough to enjoy a full-ride scholarship.

#15 Safety of Principal

You are guaranteed not to lose your savings deposit, even if the bank fails and goes out of business.

Leah was relieved that safety of principal would help her regain her principal from the account into which she deposited it.

Because she didn't save enough money throughout her life, Maria had to apply for a student loan.

#13 Maturity Date

Date on which an investment becomes due for payment.

The maturity date on Lisa's CD was much sooner than she realized, and it caught her off guard.

#1 Short-Term Needs

#9 Interest

Expenses beyond your regular monthly items.

Earnings received on principal.

Abby didn't take vacations often, but when the short-term need for money arose, she withdrew money from her savings account to buy her plane ticket.

#7 Work-Study

Students can work at the campus to earn money.

If it weren't for Josiah's work-study, he wouldn't generate enough income to pay off his student loans.

Louise had a %7 interest rate on her bank account, making a mere seven cents for each dollar she deposited.

#10 Annual Percentage Yield

The actual interest rates an account pays, stated on a yearly basis with interest included.

The annual percentage yield on Jared's account was much greater than he realized it would be.

#14 Money Market Account

A type of savings account that offers a more competitive interest rate than a regular savings account.

Scott got a money market account from the brokerage firm his father-in-law owned.

#6 Grants

Educational funding that does not have to be repaid and do not require students to maintain certain standards.

#8 Principal

The amount of money you deposit into a savings account.

Xander was thrilled to hear he received the grant he was hoping for.

Sandra was fascinated when she found there was nearly twice her principal in her bank account after a lifetime of interest.

While Jenny applied for twenty-some scholarships, she only received one.

Cash allowances awarded to students to help pay education costs.

#3 Scholarships

INSTRUCTIONS

2) Copy the

definition,word for word, from your textbook.

3) In your own words, type a detailed sentence*, using the vocabulary word, in the same context as the definition.

1) Type the

bold and blue

vocab word from your textbook. [LEAVE THE TERM #!]

*YOUR SENTENCES MUST:

  • be at least 7 (seven) words long

  • be an original, fictitious sentence (i.e. NOT copied from the book!)

  • not be repetitive

  • not have a first word that is any form of a personal pronoun

4) Insert a related picture into the

photo box.

5) Repeat

steps 1-4

for each

vocab word.

Learn more about creating dynamic, engaging presentations with Prezi