Savings
Most basic account to begin saving money
What is a savings account?
A financial institution is a business that offers money related service.
What is credit unions banks.
Nearly everyone Who earns income uses the services
what is financial institution
The idea of a successful career and a big paycheck is appealing.
What is taxes.
income and spending and a plan for managing money.
What is budgeting.
Savings accounts however offer low interest rate.
What is invest to earn higher rates of return?
to face-to-face transactions, traditional banks and credit unions Offer
What is online bankin.
a financial institution is a business that offers money-related services.
Most everyone who holds a job pays
What is income tax
After first putting money aside in savings You are ready to pay your expenses.
What is fixed expenses.
True or falseThe value of bonds can erode if interest rates rise.Students, like investors, must learn to gauge risk when they decide how to make their savings work for them.
What is true.
Trend among many young people.
What is tablets and smartphones to conduct banking transaction.
trend among many young people is to use tablets and smartphones to conduct banking transactions.
What is internet banking.
Finally, you will determine your net monthly income
what is social security
Both fixed and variable expenses have been paid.
what is discretionary income?
True or false They allow savers to invest their principal and earn,FiR over time, a higher rate of return than money placed in more conservative savings accounts.
What is true
Hole transfer money handle credit debit and loan transactions
What is credit unions bank.
loan transactions; and provide mortgage and consumer loans for houses, cars, and home improvements. Financial institutions
Interest
Finally, you will determine your net monthly income (NMI) using income tax and Social Security
What is Medicare
That do not change from month to month such as auto insurance
But stocks and mutual funds are not guaranteed investments.
What is investors loses all of their money.
Brick and mortar branches transactions are preformed exclusively online.
What is internet bank.
way to view account activity and pay bills once logged on to an institution's website.
Mobile banking.
you also will become familiar with the terms
What is gross annual income, gross monthly income, net annual income, and net monthly income.
people determines what they have to have to survive or think to have.
What is needs and wanuts.