Tips and Tools For Financial Success - Newton Free Library

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Activity 2: Savings Goals Worksheet (from FDIC Money Smart) Think about and write down any savings goals you have and the amount you need to save. 1. My savings goals: Write down some ways to save money for the goals you identify. 2. Strategies to save for my goals: 73
Investment Terms and Definitions Blue Chip – a company that is well-known with a history of growth and profits His parents invested in blue chip stocks for his college fund. Bonds – long-term debt securities issued by corporations and governments usually paying interest on a regular basis The city issued bonds to raise money for a new housing project. Brokerage – firms licensed by the Securities and Exchange Commission (SEC) to buy and sell securities for clients and for their own accounts He went to a brokerage to purchase shares of stock. Certificates of Deposit – an interesting-earning investment issued by a bank with a fixed amount and term My bank offered a high interest 5-year certificate of deposit. Commission – a fee charged by a broker to buy or sell shares of stock The broker made a large commission on the sale of the new technology stock. Diversification – a strategy of investing in several types of investments in order to maximize profit and reduce risk of loss Her investment portfolio held securities in many different types of industries in order to achieve diversification. Dividend – payment that stockholders receive from a company’s profit The healthcare stock that she owned paid a quarterly dividend. Invest – use money to make more money Some people invest in art along with stocks and bonds. Liquidity – easily sold or converted into cash Stocks traded on the New York Stock Exchange have a high liquidity. Maturity – the date that a security is due and the initial investment plus any remaining interest owed is repaid The maturity date for her bond is April 1, 2014. Mutual Fund – an investment that is made up of several securities managed by a professional He chose to invest in a mutual fund because he wanted the expertise that a fund manager provides. Securities – all types of investments such as stocks, bonds, funds, etc. The Securities and Exchange Commission regulates investment securities. Stocks – shares of ownership in a company Some stocks pay dividends several times a year. 74
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Financial Literacy at the Library T
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Background and Acknowledgments Fina
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Chapter V. Credit Overview of Credi
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6 Newton Free Library hosted Financ
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8 © 2011 American Consumer Credit
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Goal Setting & Financial Planning (
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Financial Goals Worksheet (SMART)
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Planning For Unexpected Life Events
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1. Determine what to keep at home a
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5. Keep a close watch on your bank
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20 Kip Child, FDIC Community Affair
Page 23 and 24: Introduction to Banks (from FDIC Mo
Page 25 and 26: 24 Debit Cards • Fees? • Fee wa
Page 27 and 28: Ways to Take Money Out of Your Acco
Page 29 and 30: Using Electronic Banking (from FDIC
Page 31 and 32: Activity 1: Checking Account Fees (
Page 33 and 34: Activity 3: Record Transactions in
Page 35 and 36: Sample Check Register Check Number
Page 37: Paper Money Copy, cut, and put the
Page 40 and 41: III. Budgeting Practice Good Habits
Page 42 and 43: Create a Budget—and Pay Yourself
Page 44 and 45: Household Budgeting Worksheet Housi
Page 46 and 47: Read the scenario, review the Month
Page 48 and 49: Increase Your Income How might how
Page 50 and 51: Develop a Spending Plan A spending
Page 52 and 53: Implement Your Plan Seek Assistance
Page 54 and 55: • Educate yourself and learn more
Page 56 and 57: Budgeting Quiz 1. How long should y
Page 58 and 59: Budgeting Quiz -Answers 1. Correct
Page 60 and 61: IV. Saving and Investing Preparing
Page 62 and 63: The true magic of compound interest
Page 64 and 65: 9. Pay off high-interest credit car
Page 66 and 67: Risk-Return Relationship Table (FIN
Page 68 and 69: Compounding with Tables (FINRA Inve
Page 70 and 71: Retirement Savings Vehicles (FINRA
Page 72 and 73: In most cases, you roll over a trad
Page 76 and 77: Investing Quiz 1. Which of the foll
Page 78 and 79: Investing Quiz - Answers 1. Correct
Page 80 and 81: Making your First Investments http:
Page 82 and 83: V. Credit Overview of Credit What i
Page 84 and 85: What Is a Credit Report? (from FDIC
Page 86 and 87: How the Credit Report Is Used (from
Page 88 and 89: How to Get Your Free Annual Credit
Page 90 and 91: Credit Cards: What Are They Used Fo
Page 92 and 93: Credit Card Comparison Chart (from
Page 94 and 95: ACCOUNT ACTIVITY Date of Transactio
Page 96 and 97: Activity 1: Maria’s Credit Report
Page 98 and 99: Activity 3: Who Poses the Most Cred
Page 100 and 101: Credit Terms and Definitions Bankru
Page 102 and 103: 8. All of the following appear on y
Page 104 and 105: VI. Borrowing Basics Types of Loans
Page 106 and 107: Car Loans (from FDIC Money Smart) T
Page 108 and 109: To Rent or To Own? (from FDIC Money
Page 110 and 111: Activity 1: Which Loan Is Best? (fr
Page 112 and 113: Activity 3: How Much Mortgage Can P
Page 114 and 115: Note: Make sure you compare loan of
Page 116 and 117: Estimated prepaid amounts for inter
Page 118 and 119: Borrowing Basics Quiz 1. Which of t
Page 120 and 121: Answers for Borrowing Basics Quiz 1
Page 122 and 123: VII. Life Skills Menu Planning Work
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Grocery Shopping Tips 1. Clean out
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Computer Terms and Definitions Comp
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Housing Terms and Definitions Appli
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8. According to the 2010 Consumer E
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VIII. Glossary Glossary (excerpted
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Compounding: Interest paid on money
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Interest: A percentage of your bala
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Stocks: Parts of a company, called
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IX. Recommend Resources Bibliograph
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Careers and Life Skills Bostick, Na
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Heath, Julia A. Personal finance es
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Debt information for teens: tips fo
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Tutor/Teacher Cordell, Jane. Cambri
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Newton Free Library Financial Educa
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I. Learning English Online Resource
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Investor Knowledge Quiz - http://ww
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American Consumer Credit Counseling
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Nationwide Resources (from American
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This publication is made possible b
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