Unit 6 - Money Management Bell Ringers

1. In the movie, what was meant by “For few to be immortal, many must die”? How would you feel if you knew EXACTLY when you were going to die? 
   
2. What does it mean to set financial goals? Why is it important to set financial goals and create a budget?
   
3. What is a person’s net worth? 
   
4. What does the term “take-home” pay mean? 
   
5. What is a non-deposit financial institution? Define and give an example.  
   
6. List two examples of a financial institution’s payment services.  
   
7. What is a credit report? What is it used for?  
   
8. What is the difference between secured debt and unsecured debt?
   
9. What is a personal balance sheet and what would be reported on it?
   
10. A good first step in financial planning would be to create a ____________ and ____________.