Insurance
The monthly payment that you make for any type of insurance
What is Insurance Premium
The withdrawal from one's position or occupation or from one's active working life.
What is retirement
It is important to have more _____ than _______.
Expenses that stay the same every month, such as rent/mortgage, car payment, & insurance premium.
What is Fixed Expenses
The background color of paper money
What is Green
The amount you MUST PAY before insurance makes a payment
What is Deductible
For most people, this plan is the easiest and best place to start investing for retirement.
What is 401(k) plan.
Helps you determine how long it takes to double your invested money.
What is Rule of 72
Expenses that can change every month, such as groceries, gas, electric bill, and water bill.
What is Variable Expenses
To prepare for an UNFORESEEN FINANCIAL CRISIS, such as a loss of job, huge medical expenses, etc, you should have at least __ to __ MONTHS of EMERGENCY SAVINGS
What is 3 to 6
This protects you from personal bodily injuries, damages to your home, contents of your home and in your car.
What is Homeowner's/Property Insurance
You can contribute up to $6,000 a year to this plan. The money grows tax-deferred until you take withdrawals.
What is a Traditional IRA
A CORPORATION sells stock to make money. When you own stock in them, YOU OWN PART OF THE BUSINESS. You are then called a what?
When you have more money coming in than you have going out, you have a budget ______.
What is Surplus
This bureau makes "Paper" money.
What is US Bureau of Engraving and Printing
The ______ the deductible, the _______ the premium, the ______ the deductible, the _____ the premium.
What is.... Higher, Lower/Lower, Higher
With this plan, you are contributing after-tax dollars, and you get no tax deduction for your contribution. However, the money you earn grows tax-free, and you pay no tax on withdrawals after you reach age 59 1/2.
By putting money in a savings or investment account BEFORE you begin paying your monthly living expenses and making discretionary purchases you are doing what?
What is Paying Yourself First
When you spend more money than you make, you have a budget _______.
What is Deficit
Means a dollar received today is worth more than a dollar received in the future.
What is The Time Value of Money
*Double Jeopardy*
Name the 4 Factors that determine your car insurance premium or cause it to increase!
What is.... Type of Car You Drive, Adding Teenagers to the Policy, Number of Accidents, and Your Driving Record
If you withdrawal money before this age, you most likely will pay a penalty.
What is 59.5
Your money will earn the most interest if it is compounded ______.
What is Daily
What will increase when you decrease what you owe to creditors.
*Double Jeopardy*
This causes the continual increase in the price of goods and services.
After answering the question explain why it hurts people.
What is Inflation