Tax Terms
A number that you calculate on the W-4 Form that reduces the amount withheld from you Pay
Allowances
A detailed report of an individuals credit history
Credit Report
Personal Financial success depends on what
Managing your money's behavior
Why is it important to check the air in your tires on a regular basis
Save gas and tires will last longer
Social Security and Medicare
FICA
All Wages, Tips, and Interest on which you pay taxes
Taxable Income
A yearly fee you pay the credit card company for using their credit card
Annual Fee
What is Dave Ramsey's First Foundation
Save $500 Emergency Fund
Which manual tells you how your car works
Owners Manual
What is the name of your Credit Score
FICO
The pay you earn before takes are withheld
Gross Income
A measure of an individual's credit risk, based on debt
Credit Score
When it comes to Personal Finance Math is easy, but what is challenging
Behavior
Which month will you most likely get a deal on a car
November
To make a large purchase, you should put your money in what type of a fund
Sinking Fund
Emergency Fund or an Account that pays interest on money saved
Savings Account
Time frame that a loan agreement is in force and before or at the end of the loan should either be repaid or renegotiated
Loan Term
What are Dave Ramsey's 5 Steps to Financial Success called
Five Foundations
Highest Percentage of a family's income is spent on
House and Car
If you are using a Sinking Fund to purchase a 12,000 car one year from now, how much should you save each month
$1000.00
The highest valued choice that is given up when a decision is made
Opportunity Costs
List all debts organized from smallest to largest balance; minimum payments are made to all debts except for the smallest, which is attacked with the largest possible payment
Debt Snowball
Ben and Arthur, Interest paid on interest previously earned is an example of what
Compound Interest
When the dealer buys the car from the manufacturer, which price does he pay
Factory Invoice Price
What is the most cost-Effective option for buying a home
100% down, or a 15 year loan with a fixed rate mortgage with 10% down