About This Chapter
Personal Finance & Investments - Chapter Summary
Understanding personal finance and the basics of investing can lead to a quality life of financial responsibility. Review the video and text lessons in this chapter to learn more about these financial concepts. Topics include credit, debt, stocks, bonds, mutual funds and real estate investments. Complete these lessons at your own pace to ensure you're able to do the following:
- List and describe the four concepts associated with personal finance
- Balance a checking and savings account, and create a personal budget
- Discuss the pros and cons of credit and debt
- Identify factors lenders consider when determining credit worthiness
- Define and describe types of financing
- Describe investment opportunities in mutual funds, exchange-traded funds, stocks and bonds
- Identify types of real estate investments
Boost your confidence as you study personal finance and investment concepts by tailoring the lessons to your unique schedule and study needs. Explore the lessons in any sequence you desire, and access them anytime, day or night. If you want more details about lesson topics, be sure to submit questions to our experts. Also, feel free to assess your personal finance and investment knowledge by taking short multiple-choice quizzes and a chapter exam.
1. Introduction to Personal Finance
While not all of us aspire to careers as accountants, a lack of interest in or understanding of basic financial concepts could cost you money. In this lesson, we'll examine four concepts associated with personal finance that will help you keep track of your money and may even help you build wealth.
2. How to Balance a Checking or Savings Account
Hopefully you keep your money at a bank or credit union and not under your mattress! In this lesson, you'll learn how to manage your account and keep track of those hard-earned dollars.
3. How to Create a Personal Budget: Tools & Examples
Creating a personal budget doesn't have to be overwhelming or discouraging. There are four basic steps to create an effective budget. This lesson will walk you through the steps to create a solid budget.
4. Credit & Debt in Personal Finance
Credit and debt are the foundation of any form of finance. This lesson highlights the pros and cons of credit and debt as they pertain to personal finance.
5. Factors That Affect Credit Worthiness
Access to credit to pay for education, a house, a car or other items is an important part of managing personal finances. In this lesson, you'll learn what factors lenders consider when deciding whether to loan someone money and what interest rate they will charge.
6. What Is Financing? - Definition & Types
People borrow money to purchase homes, cars, boats, or anything else they don't have the money for at the moment they want to make the purchase. In this lesson, learn what financing is, as well as different types of financing used every day.
7. Investment Opportunities in Mutual Funds and Exchange-Traded Funds
Investing in the stock market is not limited to individual stocks. Investors can also invest in mutual funds and exchange-traded funds. In this lesson, you'll learn about these opportunities, as well as their advantages and disadvantages.
8. Investment Opportunities in Stocks and Bonds
Investors often turn to the stock and bond markets when investing their money. Each market offers opportunities and risks for the individual investor. In this lesson, we'll explore the nature of these investments.
9. Types of Real Estate Investments
Many people invest in real estate as a way to earn a living or even just to make quick money. Whether it's a single-family residential home or a large office building, the real estate market is popular among investors.
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Other chapters within the Pennsylvania Grades 4-8 - Social Studies Subject Concentration (5157): Practice & Study Guide course
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