Banking & Investments
When money that is owed to you is deposited electronically, into your bank account.
What is direct deposit
The term used to describe total pay minus deductions.
What is gross pay
A card that allows to withdraw cash.
What is a debit card/ATM card
Things a person wishes to have but can live without
What is needs
Name 3 main credit bureaus.
What are Experian, Transunion, Equifax
A request from your bank to pay another party from funds in your account
What is a transfer
This may include your paycheck, child support, alimony, investment income, and/or other income.
What is your source of income?
How much can you open an account with?
What is $25
What types of plans can be rolled over?
What is an IRA or 401K
How can you get good credit by doing what?
What is pay your bills on time?
What does IRA stand for
What is an Individual Retirement Account
Name 2 deductions taken out of your paycheck?
What are state or federal taxes, medicare, social securtiy.
A person or organization that receives money owed on delinquent accounts.
What is a debt collector.
A non-profit financial institution organized to receive, transfer and lend money to individuals, businesses, governments.
What is a credit union
The earnings after deductions is
What is net income.
What percentage should you be putting into your savings account?
What is 10%
Putting money in a safe place for later use.
What is a savings.
The plan of deciding what you will eat for meals throughout the week ?
What is meal planning
Who can match contributions?
Banks, Employer, Financial Advisor.
This happens when your write checks for more money than what in your bank account
What is an overdraft.
What are ways to spend less?
What is cancel fees, memberships, etc
Name 2 expenses.
What is debt, food, transportation, health, entertainment etc
A tax on retail products ?
What is sales tax.
What type of plan do you have control of savings through your work?
What is a 401K