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Starting Financial Planning and Investing Double Time Pick a Category Getting ready to invest Banking A little bit of Everything • 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. • 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 investments • 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 less • You have to agree to keep your money in this type of account until it matures • The simplest and least risky type of account • How easily an asset can be converted into cash. • This 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. • 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 money • Investments annual return adjusted for inflation What is: • “Rainy day fund” What Is: • Pay-yourself-first What is: • Compound What Is: • Debt What Is: • Retirement What are: • Money Market Accounts What are: • Certificates of Deposit or (CD’s) What Is: • Savings Account What Is: • Liquidity What Are: • Checking Accounts What is: APY-Annual Percentage yield What is: • Periodic Investing Who Is: • Inflation What Is: • Rule of 72 What is: • Real rate of return THANK YOU FOR PLAYING