Personal Finance
This is money you receive from working a job.
What is income?
A share of ownership in a company.
What is a stock?
This scholarship helps FBLA members pay for travel and conference costs to attend NLC.
What is the NLC Scholarship?
This is the plan for how you will spend and save your money
What is a budget?
This is money you borrow and promise to pay back
What is a loan?
This is the amount of money you take home after taxes are deducted from your paycheck.
A formula used to estimate how many years it will take for a stock to double.
What is the Rule of 72?
This $500 scholarship is awarded to graduating high school FBLA seniors who plan to continue into FBLA Collegiate.
What is the Distinguished Business Leader Scholarship?
In the 50/30/20 rule, this percent of your money should go to savings
What is 20%?
If you borrow $100 and pay back $110, this is how much interest you paid
What is $10?
This document shows your earnings, taxes withheld, and deductions for a specific pay period.
What is a pay stub?
A collection of financial investments like stocks, bonds, cash, and real estate.
What is a portfolio?
This need-based FBLA scholarship awards $300 to members or chapters to help purchase professional attire.
What is the Dressed to Impress Scholarship?
This type of expense can change from month to month, like food or gas.
What is a variable expense?
This is the original amount of money you borrow
What is the principal?
This organization insures bank deposits up to $250,000 in the United States.
What is the Federal Deposit Insurance Corporation?
The percentage of a stock’s price to its earnings per share.
What is the P/E ratio?
FBLA members who apply to this private university and indicate their membership can be eligible for scholarships up to full tuition.
What is the Johnson & Wales University Scholarship?
If you bring in $1000 a month and want to save $600, this is how many months it’ll take using the 50/30/20 rule.
What is 3 months?
This loan uses something valuable, like a car, as backup if you don’t pay.
What is a secured loan?
This federal form must be completed by employees to determine how much income tax is withheld from their paycheck.
What is a W-4 form?
This month is historically considered the worst for the stock market.
What is September?
This scholarship partnership requires students to be dues-paid members of both FBLA and this honor society, with funds paid directly to an accredited institution.
What is the National Technical Honor Society (NTHS) Scholarship?
If you earn $800 a month and follow the 50/30/20 rule, this is how much should go towards needs every month
What is $400?
This happens when you don’t pay back a loan as promised
What is default?