Budgeting
the amount of money left after paying all your bills and expenses is called _____
What is Disposable Income/Spending Money?
the term for the amount of money you earn from your job or investments after taxes and other deductions
What is Net Income?
the term for an agreement where one party borrows money and agrees to repay it with interest
What is a Loan?
fees that you avoid by using ATMS within your bank's network
What are ATM Fees?
a habit that can significantly reduce your spending on food
What is Limiting eating out?
A financial tool that can help you track your income and expenses
What is a Budget Sheet?
this financial term refers to the percentage of a company's earnings paid to shareholders, usually in the form of cash
What is a dividend?
A financial habit that can help you build credit while also avoiding late fees
What is Paying bills/expenses on time?
A tool you use to monitor your monthly spending habits
What is a Bank Statement?
you should review and cancel if they are not used regularly to save money
What are Subscriptions
the term for setting aside money each month for future expenses or emergencies
What is Savings?
You establish this to help cover unexpected expenses that may come up
What is Emergency Fund?
this term refers to the amount of money you still owe on a loan or credit card
What is a balance?
this type of bank account typically offers limited access to funds and is used to earn interest on savings
What is a Savings account?
A shopping strategy should you use to lower how much you spend
What are Discounts?
if you notice you are consistently overspending in one category of your budget you should ______
What is Adjusting/Changing your budget?
Most people are _______ Shopping When making impulsive purchases
What is Online shopping?
this insurance helps cover medical expenses in case of illness or injury.
What is Medical Insurance?
this is the term for the electronic transfer of funds from one bank account to another
What is a Wire Transfer?
you should establish this to stay motivated in saving money
What are financial Goals?
this method involves allocating specific amounts of money to different spending categories, ensuring that you do not spend more than what is allocated in each category
What is Categorized Budgeting?
This financial services company is the largest issuer of credit cards in the U.S.
What is Visa?
Your bank card can complete a ______ ______that takes money out of your checking account
What is a Debit Transaction?
the term for the service provided by banks that allows you to access your account and perform transactions through a mobile app or online platform is called ______ ______
What is Online Banking?
A type of purchasing can save you money over time by reducing the cost per unit of items
What is Buying in bulk?