Getting ready to invest Banking A little bit of Everything Double Time.

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Presentation transcript:

Getting ready to invest Banking A little bit of Everything Double Time

This type of fund in budgeting is know as “blank”___This type of fund in budgeting is know as “blank”___ or three to six months of living expenses to meet periodic expenses

The first thing you must do; every month in your budget.The first thing you must do; every month in your budget.

You want to use this type of interest for you, rather than against you.You want to use this type of interest for you, rather than against you.

Before investing this needs to be eliminated since interest on this is higher than interest on investmentsBefore investing this needs to be eliminated since interest on this is higher than interest on investments

Proper long-term budgeting and investing techniques will put you in position to save for this.Proper long-term budgeting and investing techniques will put you in position to save for this.

This type of savings account invests in securities with maturities of one year or lessThis type of savings account invests in securities with maturities of one year or less

You have to agree to keep your money in this type of account until it maturesYou have to agree to keep your money in this type of account until it matures

The simplest and least risky type of accountThe simplest and least risky type of account

How easily an asset can be converted into cash.How easily an asset can be converted into cash.

This type of account is often used for paying billsThis type of account is often used for paying bills

Refers to the amount of interest that invested money earns in a year, including compounded interest.Refers to the amount of interest that invested money earns in a year, including compounded interest.

One of the most common and effective ways to invest; consistently investing small amounts over time.One of the most common and effective ways to invest; consistently investing small amounts over time.

Increase in the general price of goods and services, such as housing, food and taxes and so on.

This rule is used to determine how long it takes to double your moneyThis rule is used to determine how long it takes to double your money

Investments annual return adjusted for inflationInvestments annual return adjusted for inflation

“Rainy day fund”

Pay-yourself-first

Compound

Debt

Retirement

Money Market Accounts

Certificates of Deposit or (CD’s)Certificates of Deposit or (CD’s)

Savings Account

Liquidity

Checking Accounts

APY-Annual Percentage yield

Periodic Investing

Inflation

Rule of 72

Real rate of return