credit and debit
When goods are bought now and paid for later.
What is credit?
A plan and record of spending.
What is a budget?
The formula for unit price
Total Price / Number of units
The amount of money a person is paid from their job.
What is income?
When goods are bought now and paid for now with my money.
What is debit?
The first category after income when creating a budget.
What is savings/pay yourself first?
When you invest in multiple things, making it less likely that you lose money.
Diversification
Money that is charged for borrowing money
Interest
What do the numbers mean in 50/30/20?
50% needs, 30% wants , 20% savings
Money that is paid to insurance companies every month to keep a policy.
Premium
The range for Credit Scores
300-850
Required charges of citizens by local, state and federal governments.
What taxes?
The amount the policyholder must pay for expenses before the insurance company pays anything.
What is deductible?
Payment that is better for small, everyday items.
Credit
What two tax forms are represented within FICA?
What is Social Security & Medicare?
Insurance that can help with medical bills.
Health Insurance