Taxes
what are taxes?
what is credit?
borrowing money to pay back later is called this?
what is health insurance?
this insurance helps pay medical bills
what is investing?
putting money into something hoping it grows
what is a budget?
a plan for how to spend and save money
what is tax return?
this form is filled out every year to report income
what is a credit score?
this number shows how trust worthy you are with money
what is car insurance?
this insurance is required for drivers
what is the stock market?
a place where stocks are bought and sold
what are savings?
money put away for future use
what is social security tax?
this tax helps pay for retired people and disabled people.
what is your credit score?
paying your bills can hurt this
what is a premium?
the amount you pay every month for insurance
what is stock/ share?
owning a small piece of a company
money spent on wants instead of needs
what is owing money?
this happens if you pay too little taxes during the year.
what is a credit card?
this type of card lets you borrow money from a bank
what is a deducible?
this is the amount you pay before insurance starts helping
what is diversification?
this means spreading money into different investments to lower risk
what is a fixed expense?
a cost that stays the same every month
what are deductions/ taxes taken out?
this is the difference between gross pay and net pay.
what is interest?
this is charged when you do not fully pay off your credit card balance.
what is homeowners insurance?
this kind of insurance helps protect your home from damage
what is a 401k?
this type of retirement accounts is common in jobs
what is remaining balance?
money left after spending and saving