Insurance
This type of car insurance covers you if you cause injuries or property damage for someone else
What is Liability Coverage?
This date is the typical deadline for Americans to file their taxes
What is April 15?
The 50/30/20 rule divides your budget to spend 50% on _______, 30% on wants, and 20% on savings
What are Needs?
This stock market index represents 500 of the largest companies listed on stock exchanges in the United States
What is the S&P500?
Insurance companies use this strategy to afford large payouts by collecting premiums from a large group
What is Risk Pooling?
Fill this form out when you start a new job to determine how much your employer withholds in taxes
What is a W-4?
If your expenses are higher than your income, you have a budget
What is a Deficit?
This strategy involves spreading investments across different assets to reduce risk
What is Diversification?
If you want a lower deductible and higher coverage limit, you will pay a higher monthly
What is a Premium?
Employees receive this form each January that summarizes their earnings and taxes for the previous year
What is a W-2?
Your total earnings BEFORE taxes or deductions are taken out
What is Gross Pay?
The formula used to calculate how long your investment will need to double in value, given its annual rate of return
What is the Rule of 72: 72/Interest Rate (or Rate of Return)?