Finance 1
One way a person can earn additional income is by doing this to increase their knowledge or improve their skills.
What is taking classes or pursuing professional development?
When applying for a part-time job at age 16, an employer is allowed to ask for this number.
What is a Social Security number?
Before buying a bike, a college student should include this in their research: which bike is safe and affordable for the intended user.
What is determining which bike meets safety and affordability needs?
A person who owns a house can reduce monthly expenses by doing this when no one is home.
What is lowering the thermostat?
An effective strategy for knowing where your money is going is to track monthly income and spending using this.
What is a notebook or spreadsheet?
These people accept the risk of financial loss if their new business is unsuccessful, all in the hope of making a profit.
Who are entrepreneurs?
This habit creates discretionary income by spending less than total income each month.
What is living below your means?
Responding to an email from an unknown sender can make you a victim of this.
What is consumer fraud?
This type of shopping usually results in an increase in personal debt.
What is impulse shopping?
Increasing personal savings helps people afford things like a future down payment on a home—this is an example of this advantage.
What is being better able to afford major purchases?
This term means salary before taxes are taken out.
What is gross income?
When disappointed with a product’s quality, this should be your first step—bring it back with this document.
What is return the product with a receipt?
When gas prices rise but incomes don’t, this aspect of a person’s monthly budget is most affected.
What is the use of a car?
A risk of using a debit card for purchases is that there may be this in the bank account.
What is insufficient funds?
Purchasing insurance can protect against financial loss from this kind of disaster in a home.
What is flood or fire insurance?
Unlike a job, this is characterized as a profession or vocation requiring special education or training.
What is a career?
Becoming a parent is an example of this, which requires a review of financial goals and plans.
What is a change in life situation?
If a student's mother loses her job after acceptance to college, the first thing to do is this—contact all colleges to explain the financial situation.
What is ask colleges for financial help?
This asset, such as gold coins, is included when determining net worth.
What are gold coins?
Increasing this amount is an acceptable way to lower automobile insurance costs.
What is the deductible?
The best advice for a student with college loans is to do this after graduation: have a budget that includes paying more than the required monthly payment.
What is make extra payments on the loan?
Young adults living independently have this important responsibility related to debt.
What is monitor credit card expenses and debt?
Of the following, this type of personal information should never be sent by email or text: credit or debit card number.
What is a credit or debit card number?
A donation to a charitable organization is generally considered this, which may reduce federal income taxes.
Was is a tax deduction?
To minimize identity theft when making online transactions, you should use a unique password and do this regularly.
What is change it frequently?