Insurance
A payment made to an insurance company in exchange for coverage.
Insurance
Mortgage (House Payment)
Fixed Expense
A historical record of a person's payment history
Credit Report
Take home pay after taxes
Net Income
What should you use to fill out a check?
A blue or black pen
A Payment made to an insurance company in exchange for coverage.
Premium
Electric Bill
Variable Expense
What is an advantage of Credit?
Stimulates the economy
Helps take care of emergencies
Convenient
Easier to exchange and return items
Total hours worked times an hourly wage. This is before taxes.
Gross Income
What is another name for a spending plan?
Budget
An amount paint before insurance coverage begins to pay for a claim.
Deducatable
Credit Card Payment
Variable Expense
The total amount of credit used should not exceed what percentage of your net income?
20%
The length of time a loan lasts
Loan term
How many places can you find the check number on a check?
2
Chance of loss from an event that cannot be entirely controlled.
Risk
Car Payment
Fixed Expense
What are the 3 main types of credit?
Sales, Cash, & Service
Payment you make for the use of another's money.
Interest
Where is the routing number located on a check?
Beginning, Middle, End
Beginning number group
The amount you must pay out of pocket on an auto or property insurance claim is called?
Deductible
Groceries
Variable Expense
When items are bought on credit and paid for over a long period of time, the cost to the buyer...
Is more than if the items were bought with cash
Protection against large scale financial loss.
Insurance
Where is the account number found on a check?
Beginning, Middle, End
Middle