Providing support to kids and seniors in need



NAME: _____________________________________________________________________DATE: __________________________________________Episode 16 – Understanding Inflation___________________ is when money isn’t worth as much as it used to be. The best way to overcome inflation is to ____________________ your money. Inflation causes the value of money to be ________________ and _______________ every year. Episode 17 – Roles of a BankFinancial ___________________ is when you deposit money in the bank then they give out loans with the money deposited. A bank is a place to ________________ and _______________________ money.A savings account lets you earn _________________ while you save your money.A checking account lets you write ____________________ for payments. A _______________ deposit account lets you earn higher interest while you save your money for a fixed period of time. Episode 18 – Types of Bank AccountsA savings account pays you _____________________. A checking account is good for ________________________ bills. At the bank, a C.D. stand for Certificate of ___________________ which is a type of saving account that needs to stay in the account for a certain amount of time before taking it out. The 4 methods to pay for stuff are:___________________________________________________________ _______________________ __________________ _____________________ are the riskiest payment method. Episode 19 – Paying for StuffBorrowing money is the same as using ________________________. A ______________ is something that a person must have to survive like food, shelter and security. Don’t borrow money for things that you ________________.It’s _________________ to save your money until you have enough to buy what you want. Use credit cards only when it is ________________________ and _____________ it off on time. Episode 20 – Impact of Interest on CreditUsing ______________ costs you more money then paying ________ for something. _______________ is money you pay the bank to ____________ their money. When you have a ___________________ account at the bank, the bank will pay you to keep your money in the bank. The ________________ the interest rate, the more you have to pay back. The __________________ the duration of borrowing, the more you have to pay back. Episode 21 – Good Debt vs Bad DebtA car is an example of a __________________________ asset which means that its value (how much it is worth) decreases over time. An ___________________ is something that makes you money like a house. A _________________________ is something that makes you lose money. Good debt causes an overall ___________________ while bad debt causes an overall ______________. __________________ is money that you owe someone. __________________ debt is when you borrow money to invest in things that help you make ________________ money like a house or business loan. _________________ debt is when you borrow money to spend on things that decreases your _______________ value like a car. ................
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