Loans/ insurance
The cost of the car minus any down payment you make is called
principal
What is gross pay vs net pay
gross pay is before taxes and deductions.
net pay is after taxes and deductions.
What does federal income taxes pay for?
Schools, roads etc
Why is it important to have an emergency fund if you're also investing?
It provides cash for unexpected costs so you don't have to sell investments at a bad time.
Where did Ms. Young go over the summer?
Hawaii!
insurance
What do you have to pay before the insurance company starts paying?
Deductible
Where is money pulled from when using your debit card
checking account
What form do you fill out on the first day of the job?
W-4
Why is diversification important?
It spreads investments across different assets to reduce overall risk.
What is Ms. Young's favorite energy drink?
Celsius
Which debt should you pay off first -- higher interest rate or a loan for the government?
Higher interest
What is compound interest
Interest compounding from interest already earned
Which form are you give from your employer before January 31st?
How to own part of a company by investing in the stock market?
Purchasing shares of the company's stock
What is Ms. Young's favorite restaurant?
Tucan
Which part of an auto insurance policy helps pay for repairs to your own car after a collision, regardless of who caused the accident?
Collision coverage
Why is sending a personalized thank you card after an interview important?
It gives you the opportunity to leave a good impression by expanding on an answer you gave or a topic you discussed
What is the name of the form you fill out to do your taxes?
1040
What is the 50-30-20 saving tactic
50% needs 30% wants 20% saving
What year is this of Ms. Young teaching?
Second
They are short-term, high-cost loans that can trap borrowers in debt.
PAy day loans
Why is it important to tailor your resume to each job you apply for?
Varied answers
What do FICA taxes pay for?
medicare and social security
What investment account does Ms. Young use
Roth IRA
Where did Ms. Young graduate from?
UWF - GO ARGOS