Podcast
Questions and Answers
Match the following financial planning components with their descriptions:
Match the following financial planning components with their descriptions:
Budget = A plan for your income and expenses over a period of time. Savings = Setting aside money regularly, either automatically or for specific goals. Insurances = Protection against unexpected events, illness, or damage to property. Loans and interest = Borrowing money from a bank or company and repaying it with interest.
Match the following phrases related to savings with their descriptions:
Match the following phrases related to savings with their descriptions:
Automated savings = Money is automatically transferred to a savings account each month. Reduce unnecessary expenses = Cutting back on non-essential spending to have more money to save. Specific goals = Saving for a vacation or creating an emergency fund. Maintain Motivation = Set clearly defined savings goals and track your progress.
Match each term related to loans and interest rates with its description:
Match each term related to loans and interest rates with its description:
Fixed interest rate = Interest rate remains constant throughout the loan term. Variable interest rate = Interest rate can change depending on market conditions. Interest = The cost of borrowing money. Bank = A financial institution that lends money.
Match the following words in your budget with their descriptions:
Match the following words in your budget with their descriptions:
Match each type of insurance with what it protects:
Match each type of insurance with what it protects:
Match each word in money saving with its description:
Match each word in money saving with its description:
Match each word related to insurance with its description:
Match each word related to insurance with its description:
Match these ways of using money with an accurate desription:
Match these ways of using money with an accurate desription:
Match the following interest-related phases and their meaning:
Match the following interest-related phases and their meaning:
Match the following saving methods with their description:
Match the following saving methods with their description:
Flashcards
Vad är en budget?
Vad är en budget?
En planering för dina inkomster och utgifter under en viss period, som hjälper dig att få kontroll över din ekonomi.
Varför försäkringar?
Varför försäkringar?
Skyddar dig mot oväntade händelser som olyckor eller skador och hjälper till att hantera risker och oförutsedda kostnader.
Automatiskt sparande
Automatiskt sparande
Sätt upp ett automatiskt sparande där pengar dras direkt till ett sparkonto varje månad.
Hur kan du spara mer?
Hur kan du spara mer?
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Vad är ett lån?
Vad är ett lån?
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Vad är ränta?
Vad är ränta?
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Fast ränta
Fast ränta
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Rörlig ränta
Rörlig ränta
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Study Notes
- A budget means planning for your income and expenses over a certain period, such as a month or a year.
- It helps you gain control over your finances by showing how much money you have, spend, and save.
- A budget can help you maintain financial stability and avoid economic problems.
Insurances
- Insurances protect you if something unexpected happens, like an accident, illness or damage to your property.
- Insurances help you manage risks and unforeseen expenses, e.g., car insurance, home insurance, and health insurance.
Savings Options
- Savings can be set up automatically, where money is transferred directly to a savings account every month.
- Reducing unnecessary expenses helps you save more.
- Setting specific goals for your savings, such as a trip or a buffer for unexpected expenses, helps you stay motivated.
Loans and Interest
- When you borrow money from a bank or company, you repay it with interest.
- Interest is the cost you pay to borrow money.
- The interest rate can be fixed or variable.
- With a fixed interest rate, the interest remains constant during the loan term.
- Variable interest rates can change depending on market conditions.
- Interest rates can be affected by factors like inflation and the central bank's interest rate policies.
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