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Saving and Investing

Saving and Investing. Vault Lesson 6. Savings. Savings Money set aside for short- or long-term goals When you save money you are putting money aside to reach your goals prepared in case of an emergency. Savings Account. Savings Account

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Saving and Investing

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  1. Saving and Investing Vault Lesson 6

  2. Savings Savings • Money set aside for short- or long-term goals When you save money you are • putting money aside to reach your goals • prepared in case of an emergency

  3. Savings Account Savings Account • An account that gains interest and allows withdrawals • When selecting a savings account look for one with a high interest rate.

  4. Savings Account Advantages • Savings accounts might earn interest on your savings. • You can take money out of savings anytime you want.

  5. Certificate of Deposit Certificate of Deposit • A savings certificate that gains interest and has a set time before you can withdrawal your money

  6. Savings Accountvs. Certificate of Deposit Savings Account • gains interest and you can withdrawal your money anytime you want Certificate of Deposit • gains interest but you must leave your money in for a set time before you can withdrawal it

  7. Interest Interest • Amount of money the borrower pays for the use of a lender’s money

  8. Budget Budget • A spending and savings plan Advantages of having a budget • Having a budget is the best way to make the most out of your money • Creating a budget helps you manage your money

  9. Advantages of Having a Budget • Having a budget is the best way to make the most out of your money • Creating a budget helps you manage your money • Budgets can be used to help you achieve BOTH long-term and short-term goals.

  10. Expense Expense • The cost of goods and services

  11. Ways Kids Can Cut Expenses • Watching movies at home rather than going to the movie theatre • Hanging out with friends rather than going shopping • Eating at home rather than going to a restaurant

  12. Investing Investing • When you purchase a security like a stock or bond in the hopes that over time it will make money

  13. Other Ways to Invest Money Mutual Fund • A way to invest your money in a few investment types at once Stocks • An investment in a company that can build your wealth

  14. http://vault.everfi.net • Use the link above to go to the Vault web site. • Log in • Complete Lesson 6: Saving and Investing • You might want to review this PowerPoint before you take the 10 question post assessment for this lesson.

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