Financial Education News

Step 1 of 6 - Question 1 16% PhoneThis field is for validation purposes and should be left unchanged.How would you like to take this quiz?(Required) Just practicing Track for my class Email Address(Required) Your quiz scores will be saved. When you finish all quizzes in a topic, your teacher will receive a summary of your results. The main reason to provide charitable giving is for the tax write-offs.(Required) True False Which of these items should not be donated?(Required) Personal Property Stolen Goods Volunteer Work Money Why do individuals participate in charitable giving?(Required) Longer lifespan and better physical health All ...

Step 1 of 6 - Question 1 16% InstagramThis field is for validation purposes and should be left unchanged.How would you like to take this quiz?(Required) Just practicing Track for my class Email Address(Required) Your quiz scores will be saved. When you finish all quizzes in a topic, your teacher will receive a summary of your results. Deposit Insurance: If a bank fails, which agency steps in to protect depositors up to a standard maximum amount?(Required) SEC NCUA FDIC CFPB Home-Loan Help: Which financial service provider specializes in helping people get loans to buy a house?(Required) Brokerage firm Bank Credit ...

Step 1 of 6 - Question 1 16% CommentsThis field is for validation purposes and should be left unchanged.How would you like to take this quiz?(Required) Just practicing Track for my class Email Address(Required) Your quiz scores will be saved. When you finish all quizzes in a topic, your teacher will receive a summary of your results. What do you usually need to open a checking or savings account?(Required) Cash and a cell phone number A friend to cosign and your birth certificate An existing credit card and a utility bill Photo ID, proof of address, and your Social Security ...

Step 1 of 6 - Question 1 16% FacebookThis field is for validation purposes and should be left unchanged.How would you like to take this quiz?(Required) Just practicing Track for my class Email Address(Required) Your quiz scores will be saved. When you finish all quizzes in a topic, your teacher will receive a summary of your results. You buy a $20 video game at a store. Which tax do you pay at checkout?(Required) Sales tax Payroll tax Property tax Income tax Which tax is automatically taken out of your paycheck to fund Social Security and Medicare?(Required) Payroll tax Sales tax ...

Step 1 of 6 - Question 1 16% URLThis field is for validation purposes and should be left unchanged.How would you like to take this quiz?(Required) Just practicing Track for my class Email Address(Required) Your quiz scores will be saved. When you finish all quizzes in a topic, your teacher will receive a summary of your results. FAFSA Purpose: Why do students fill out the FAFSA form?(Required) To apply for a car loan To authorize a credit check To see if they qualify for federal and state financial aid for college To register for college classes Tracking Income & Expenses: ...

The Impact of Local, State and Federal Taxes Taxes are mandatory payments that people and businesses must pay to the government. This money is used to pay for things we all use, like roads, schools, and public services. Paying taxes is important because it helps our communities and country work well. Jump to Quiz SECTION 1: The Importance of Paying Taxes Expand A. Types of Taxes Income Tax - This is taken from the money you earn from working or  running a business. Usually, you pay this tax once a year. Payroll Tax - Tax that is taken out of ...

Managing and Reconciling Your Financial Accounts Keeping accurate financial accounts is important for effectively managing your money, making smart decisions, and avoiding issues such as debt and financial instability. This module will outline the significance of maintaining precise financial records, methods for opening and managing checking and savings accounts, as well as explaining the benefits of balancing your records and efficiently overseeing your accounts. Jump to Quiz SECTION 1: Purpose of Maintaining Financial Accounts Expand When your financial records are accurate, you can clearly see how much money you have, how much you spend and how much you save. This ...

The Functions and Uses of Banks and Other Financial Service Providers Banks and other financial service providers help people and businesses manage their money. Here's a simple look at what they do. Jump to Quiz SECTION 1: Common Financial Service Providers Expand A. Types of financial services provided may include: Banks - Banks offer services like checking  and savings accounts, credit cards, loans, and investments. Banks also provide technology like ATMs (cash machines), mobile apps, digital wallets, and online banking to make managing money easy. Credit Unions - Credit unions are like banks, but are owned by their members. They often ...

Earning an Income and Managing it Through Budgeting Earning an income is essential for covering our basic needs and achieving our personal goals. It provides the financial means to pay for necessities like food, clothing and housing, and it allows us to save for future ambitions such as higher education, travel or purchasing a home. Income also plays a crucial role in promoting independence and self-sufficiency. It empowers individuals to make choices about their lifestyle and supports personal growth. On a larger scale, earning an income contributes to economic growth, sustains businesses, drives innovation, and enhances the overall quality of ...

Charitable Giving Charitable giving is the act of donating money, goods, or time to help those in need or to support causes that benefit the public good. It involves giving voluntarily, without expecting anything of equal value in return, and can take many forms, such as donating to charities, volunteering time or giving goods like clothing or food. Jump to Quiz SECTION 1: Civic Responsibilities Expand Charitable giving is an important civic responsibility that contributes to the well-being of a society. It goes beyond personal choice and plays a vital role in addressing social issues, fostering community engagement and supporting ...