“Take Charge of Your Finances” Advanced Level

1. Take Charge of Your Finances Course Introduction Trivia “Take Charge of Your Finances” Advanced Level

2. How do you interact with money? Earning – Did you know that working at a job isn’t the only way to earn money? Receiving – Have you ever received a gift from a relative or friend? Spending – Did you know that spending involves a lot more than handing over money? Saving and Investing – Do you know the difference between saving and investing? Giving - Did you know that giving is a part of spending?

3. Let’s test your money knowledge… Are you up to the challenge?

4. Trivia Instructions • Divide into teams of 3-5 • Provide each team with a white board and a dry erase marker • Have each team create a team name and write it on the board where points are being tallied • Choose a team to select a category and point value • Read the question and allow all of the teams 10 seconds to write their response

5. Trivia Instructions • Have each team hold their answers up at the same time • Award every team who answered the question correctly the money value indicated by the question • If the answer is incorrect the money value may be deducted from the total • Allow the next team to choose the category and point value • Continue until all of the questions have been answered • The team with the most money at the end wins

6. Trivia Board Final Trivia

7. Earning - $100 Answer: Money demanded by a government to support the government itself as well as specific facilities or services.

8. Earning - $100 Question: What are taxes? Return to Game Board

9. Earning - $200 Answer: Products or services provided by an employer that adds extra value for employees beyond wages paid. Examples include health insurance, retirement contributions, and paid sick leave.

10. Earning - $200 Question: What are employee benefits? Return to Game Board

11. Earning - $300 Answer: To pay employees with this method, employers load the funds onto an electronic plastic card that looks similar to a debit or credit card.

12. Earning - $300 Question: What is a payroll card? Return to Game Board

13. Earning - $400 Answer: This form is completed by the employee and determines the amount of federal income taxes that will be withheld from an employee’s paycheck.

14. Earning - $400 Question: What is a Form W-4? Return to Game Board

15. Receiving - $100 Answer: An organization that exists for human service, conservation, religious, or other charitable purposes to benefit others rather than to make a profit.

16. Receiving - $100 Question: What is a non-profit organization? Return to Game Board

17. Receiving - $200 Answer: This type of insurance provides money to pay for health care.

18. Receiving - $200 Question: What is health insurance? Return to Game Board

19. Receiving - $300 Answer: This money is paid to an insurance company or organization to purchase an insurance policy. The payments are usually paid monthly, semi-annually, or annually.

20. Receiving - $300 Question: What is a premium? Return to Game Board

21. Receiving - $400 Answer: This type of insurance provides payment to others if an insured person accidently causes harm to other people or property.

22. Receiving - $400 Question: What is liability insurance? Return to Game Board

23. Saving & Investing - $100 Answer: This is the minimum amount of money an individual is recommended to have in emergency savings.

24. Saving & Investing - $100 Question: What is a minimum of 6 months of expenses? Return to Game Board

25. Saving & Investing - $200 Answer: This is the price paid for the use of borrowed money.

26. Saving & Investing - $200 Question: What is interest? Return to Game Board

27. Saving & Investing - $300 Answer: The standard amount of money the Federal Deposit Insurance Corporation (FDIC) will restore to a lost account if a depository institution covered by FDIC fails.

28. Saving & Investing - $300 Question: What is $250,000? Return to Game Board

29. Saving & Investing - $400 Answer: If you purchase this you purchase a share of ownership in a corporation.

30. Saving & Investing - $400 Question: What is stock? Return to Game Board

31. Spending - $100 Answer: This is the maximum dollar amount that can be charged to a credit card.

32. Spending - $100 Question: What is the credit limit? Return to Game Board

33. Spending - $200 Answer: A longer loan period will result in the monthly payments of the loan being _____.

34. Spending - $200 Question: What is lower? Return to Game Board

35. Spending - $300 Answer: This may be used to determine if a person is granted credit, offered a job, or able to rent an apartment.

36. Spending - $300 Question: What is credit history? Return to Game Board

37. Spending - $400 Answer: The amount of time you have to report your debit/ATM card lost/stolen in order to be liable for only $50.00 in fraudulent charges.

38. Spending - $400 Question: What is two days? Return to Game Board

39. Giving - $100 Answer: This is a group of people working together for a common good.

40. Giving - $100 Question: What is a community? Return to Game Board

41. Giving - $200 Answer: This is a legal document that outlines a person’s wishes after death, including who they wish to receive their assets.

42. Giving - $200 Question: What is a will? Return to Game Board

43. Giving - $300 Answer: When a product or service is provided rather than cash.

44. Giving - $300 Question: What is in-kind income? Return to Game Board

45. Giving - $400 Answer: This planning includes the arrangement of one’s financial affairs to maximize the value transferred at death.

46. Giving - $400 Question: What is estate planning? Return to Game Board

47. Final Trivia

48. Final Trivia Answer: This is a document that records both planned and actual income and expenses over a period of time.

49. Final Trivia Question: What is a spending plan?