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HERE ARE TODAY’S CATEGORIES

Marketing Techniques

Budgeting

Credit

Smart Shopping

Loans

Consumer Safety

Marketing Techniques Smart Shopping Consumer Safety Budgeting Credit Loans $100 $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500 $500 FINAL JEOPARODY

An ad that gives only simple, direct information

Informative

An ad that uses a well known figure to get you to want the product

Hero Endorsement

Everyone else uses the product…

Join the Gang

An ad that convinces you that using the product increases your attractiveness

Physical Attraction

An ad that ties success to the product

Status

A budgeting strategy where you keep record of all your purchases

Paper Tracking

The varying amount of money coming into and leaving your bank account

Cash Flow

Expenses with changing costs or no fixed payment schedule

Varied Expenses

These are the categories in a budget where the “envelope system” is the most effective

Where you tend to “break your budget”

A type of budgeting that ensures: your income - your planned “expenses” = 0

Zero-based budgeting

This describes your reputation when it comes to borrowing money

Credit

A line of credit where you give the bank cash collateral equal to the line of credit

Secured Credit

The 3 C’s of Credit

Character, Capacity, Capital

This is the range of possible credit scores

0-850

This is detailed summary of your credit

Credit Report

Looking at multiple products and vendors to find the best deal

Comparison Shopping

Discussing with the vendor to find a mutually agreeable price

Negotiating

Another word for negotiating

Haggling

These are your best tool to ensure you receive a quality product

Consumer Reviews

These are 2 tips to help you have a successful negotiation

Do your research, never give the first price, be willing to walk away, don’t take advantage

This is a type of short term loan with incredibly high interest rates (into the thousands)

Payday Loans

This is a loan where the majority of your payment goes to interest at the beginning

Amortized Loan

This is a loan where your house is used as collateral

Mortgage

Rent or Lease: Extended period of time, you’re responsible for repairs, cheaper in the long run

Lease

Rent or Lease: Short term, daily rate

Rent

This is a scam that involves pretending to be something official, in order to steal someone’s personal financial information.

Phishing

This is a scam in which all members are willing participants and try to get people to join below them

Pyramid Scheme

This is a scam where investors are tricked into unknowingly giving up their money without an actual product in return

Ponzi Scheme

This agency ensures that you receive safe and quality food

The Food and Drug Administration

This BBB is responsible for this

Consumer education materials, answer consumer questions, and provide a company's consumer complaint record.

Great Financial Leaders Category: Great Financial Leaders GO TO PROMPT (RESPONSE) Start Timer

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Rachel

Psych… Mr. Bird