EDCI FINAL

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also the financial terms in phone
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STEM

science, technology, engineering & math

arithmetic

everyday math with money

algebra

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geometry

measurement, relationship of points, lines, angle, surfaces

math

is a problem solving training ground

personality types

thinker, organizer, giver, or adventurer

does the risk of the expense justify the reward?

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gourmet coffee

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alcohol

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ordering in meals

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budget

a plan to coordinate resources and expensditures, a set of goals regarding ,mey

steps to budget

1) gather info about what you earn
2) figure out whats going out
3) analyze the difference between earnings & expenditures
4) come up with creative ideas about how you can make changes
5) take practical action to adjust spending or earning so you can come

common sources of income

-loans
-grants
-scholarships
-internships
-take home scholarships

expenses

-credit cards
-tuition
-entertainment
-insurance
-utilities
-rent
-room&board
-transportation

ways to save $

-shop in grocery stores for food
-no take out orders
-share living spaces
-fill water bottle
-keep a student ID for all times for discount
-free fun on campus
-walk, bike, carpool, rollerblade
-use on-campus exercise facilities & services

the better the GPA

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credit score

a measure of how likely you are to pay your bills, calculated from a credit report using a standardized formula

creditor

a person or company to whom a debt is owed usually $

over-reliance on family support

ppl stay in school forever b/c they don't want to be on your own

compound interest

interest calculated on the principal (original investment) as well as the interest already added to the account

what do you spend your $ on?

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stereotypes

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ethnocentrism

the belief that your own culture is superior to all others, and that the beliefs & values held by that culture are correct