Fill - Free fillable ChoosetoSave TotalPointsEarned Name 25 TotalPointsPossible Date Percentage Class (Mr. Breitsprecher's Business Ed Home Page) PDF form

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2.4.1.A3

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©TakeChargeToday–August2013–ChoosetoSave

FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona

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ChoosetoSave



 TotalPointsEarned

Name

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25 TotalPointsPossible

Date



 Percentage

Class

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Directions:Matchthecorrecttermwiththecorrectdefinitionbyplacingtheletterontheappropriateblank.

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1. _____Howquicklyandeasilyassetscanbeaccessedandconvertedintocash.

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2. _____Thepriceofmoney.

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3. _____Theportionofcurrentincomenotspentonconsumption.

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4. _____Everythingan

individualorhouseholdownswithmonetaryvalue.

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5. _____Ameasurementofhowmuchapersonorhouseholdownsonce

alldebtshavebeenpaid.

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6. _____Thepercentagerate paidonmon eyinveste dorsaved.

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7. _____Theoriginalamountofmoneysavedorinvested.

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8. _____Theendresultofsomethinga

personintendstoacquire,achieve,do,

reach,oraccomplish.

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Directions:Fill intheblanktocompleteeachstatement.

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9. Asavingstrategythatstatestosetasideapredeterminedportionofmoneyforsavingeachtimea 

personispaidbeforeusinganyofthemoneyforspendingis

called:___________________________

__________.

10. A_______________________isgivinguponethingforanother.

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11. _______________________ __is thevalueofthenextbestalternativethatmustbeforgoneasa

resultofadecision.

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12. Earninginterestoninterestis____________________________________.

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A.Assets

B.Goal

C.Interest

D.InterestRate

E.Liquidity

F.Principal

G.Savings

H.Wealth

Page|21

2.4.1.A3

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©TakeChargeToday–August2013–ChoosetoSave

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Directions:Answerthefollowingquestionsbywritingashortanswer.

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13. Describehowtouseeachofthefactorsaffectingtime valueofmoneytomaximizetheamountofsavings

earned.

(3points)

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Time

Money

InterestRate

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14. Whydoexpertssuggestthatyouremergencysavingsbeinaveryliquidsavingstool?

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

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15. Explainwhy“payyourselffirst”isanessentialcomponentofperso nalfinancialmanagement.

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16. Whatarethreewayspeoplecanfindmoneytosave?

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17. Whyisitimportant

tosetgoalswhensaving?

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Directions:DetermineifeachstatementistrueorfalseandindicateTfortrueandFforfalse.

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18. _____Itisimportanttoconsideropportunitycostandtrade‐offswhendetermininghowtosavemoney.

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19. _____Expertssuggestthatemergency savingsequalto6

‐9monthsofaperson’sexpensesbeheldin

liquidassetsforunplannedevents.

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20. _____Thelongeranindividualinvestsmoneyfor,themorecompoundingin terestaccrues.

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21. _____Animportantpartofthesavingsprocessistowriteasavingsgoal.

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22. _____Itisimportanttohavealow

interestratewhensaving.

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23. _____SavingsisaninvestmentassetontheStatementofFinancialPosition.

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