Personal Finance State Personal Finance Standard (Grade 11 &12) Apply PF 2.1 Execute a rational decision-making process considering alternatives and consequences. Analyze PF 2.2 Differentiate between various money management tools. Create PF 2.3 Generate a system to organize finances and maintain records By: Mary Jensen
Budget
Money Management Tools CDs Bonds Saving Account Checking Account Money Market Account Mutual Funds Stocks
Certificates of Deposits (CD) Holds a Fixed Amount of Money For a Fixed Amount of Time Six Months One Year Five Years In Exchange the Bank Pays Interest
Saving Accounts Maintained by Retail Financial Institutions Pays Interest on Liquid Assets Cannot be Used Directly as a Checking Account
Bonds Known as a fixed-income security Created for Raising Capital Essentially Loan Agreements Between Bond Issuers and investors
Financial Institution Allows Withdrawals Deposits Very Liquid Method Types of Withdrawals Checks Automated Cash Machines Electronic Debits Debit Visa/Mastercard
Money Market Account
Mutual Funds
Stocks