Cars
When you purchase a car, review your budget and make sure you choose a car that you can _________.
What is afford?
Most loans require you to put this percentage of money down on the home.
What is 20%
Shares of companies that you can buy for an investment.
What is stocks?
When you purchase a car you will also have to purchase _________.
What is insurance or car insurance?
The name of a home loan.
What is a mortgage?
A type of investment that pools money from multiple investors to purchase a variety of assets, typically stocks, bonds, and other securities.
What is a mutual or index fund?
Banks make money off of car loans by charging you _______ .
What is interest or interest rate?
Your home is considered an ____________.
What is an investment?
A type of savings account that requires you to leave your money invested for a set period of time in exchange for a fixed interest rate, typically higher than a regular savings account.
What is a certificate of deposit?
These cars get good gas mileage. You can get a far more miles out of each gallon of gas.
What is fuel efficient?
What is 30%?
A type of bank account designed for storing money you don't need to spend immediately, with the goal of earning interest on your deposits.
What is a savings account?
These cars do not require gas. Instead they run off batteries.
What are electric cars?
The difference between the value of your home and what you owe on your home.
What is equity or home equity?
A type of individual retirement account (IRA) where contributions are made with after-tax money, but withdrawals in retirement can be made tax-free.
What is a Roth IRA?