Budget
Increase in prices and decrease of purchasing value of money.
What is Inflation?
Having money owed or due to someone else.
What is debt?
What is a sin tax?
3 types of colleges that will be cheaper.
What is In-State, Public, Community?
Formula for finding Unit Price.
What is Cost/Amount?
Planning out where your money goes each month.
What is a Budget?
Range for the Credit Score.
What is 300-850?
Texas sales tax rate.
What is 6.25%?
Amount of money on average for 1 year at a 4 year public university in Texas for 2019-20.
What is $20,000?
"Tax free" treatment of retirement accounts.
What is Roth?
Formula for budget.
2 reasons credit cards are so aggressively marketed.
What is:
1. The majority of them will not be paid off in time
2. Interest Rates/APR's are very high when not paid in time
?
Formula for:
1. Tax ONLY at 8.25%
2. Total cost with tax at 8.25%
1. What is (Price)(.0825)?
2. What is (Price)(1.0825)?
1. FAFSA stands for.
2. Opening date for FAFSA.
What is:
1. Free Application for Federal Student Aid?
2. October 1st.
Goal for making an investment.
What is make investment at low prices and sell when the value/price gets high?
Things you got to take home without paying the full price up front.
What is financed?
Amount of value a new car loses in the first 4 years.
What is 60%?
2020 Standard Deduction amount.
What is $12,400?
Charge for borrowing money expressed as an APR.
What is Interest?
1. IRA stands for:
2. Age IRA's can be withdrawn from.
What is:
1. Individual Retirement Account
2. 59 and a half years old
?
Food, Shelter, Utilities and Transportation.
What are the 4 Walls?
1. Way to pay off debt quickly by adding debt payments together.
2. Saving up money for a future purchase.
1. What is the debt snowball?
2. What is a sinking fund?
1. How to get a tax refund.
2. The amount of states that do NOT have state income tax.
1. What is owing less taxes than you paid after deductions are applied?
2. What is 7?
1. Formula for Simple Interest.
2. Formula for Compound Interest.
What is:
1. I=Prt
2. A=P(1+r)t
?
72 years old.
What is the age the IRS usually requires retirement account withdrawals?