Review
The borrower will be charged interest unless a credit card is paid completely each month.
Most people 65 and older can receive health coverage through a program called Medicare.
True
When you use a credit card you
Buy now, pay later
Financial trust extended to a person by a lender is called
Credit
The three variables that affect saving money are
amount, interest and time
A disadvantage of credit is
it encourages impulse spending
What is Social Security?
A social insurance system.
The total amount of monthly income remaining, after all deductions have been taken out, is
Net Monthly Income
A record of spending or of probable expenditures and income for a given period of time is called
a budget
Which stock had the highest closing price?
RJF
Which stock had the largest increase in value from the previous day?
AAPL
What is Gina's gross annual income?
$55, 000
What is Gina's net monthly income?
$2,868.33
After Gina has paid her fixed expenses, how much money does she have left over for monthly variable and other expenses?
$1,005.33
Your abilities include
the things you do well
Career planning is done
throughout a lifetime
What are the three main types of taxes?
Income, Sales and Property
The total amount of earnings made over a one-year period after all deductions have been taken is
Net Annual income
When it comes to personal savings, what does PYF stand for?
Pay Yourself First
A saver who wants her savings insured by the FDIC(Federal Deposit Insurance Corporation) wants to use this savings option
Savings Account
Protection against risk is the primary reason people purchase this type of policy.
Auto, Health and Home
All of the above
An example of a financial institution is
A bank
A record of income and expenditures for a given period of time is called
A budget
Lenders use credit agencies to determine
Credit Score, Credit History and outstanding debts and defaults
All of the above
Which of the following statements is NOT correct?
A debit card is essentially a paper check but doesn't require the processing time a check does.