Expenses
An item in a budget whose cost is the same each month, such as rent or a mortgage payment.
What is ________?
a. Fixed Expenses
b. Discretionary Expenses
Money put into your account.
What is _________?
a. Withdrawal
b. Deposit
What is _________?
a. Assets
b. Budget
A way of buying something if you do not have the money for it.
What is _____?
a. Debt
b. Credit
Someone who is in the business of lending money.
What is _______?
a. Creditors
b. Employers
A recurring or non-recurring expense for goods and services which are either non-essential or more expensive than necessary.
What is __________?
a. Periodic Expenses
b. Discretionary Expenses
Money taken out of your account.
What is _______?
a. Deposit
b. Withdrawal
Money set aside specifically for an emergency such as a major accident, or loss of a job, usually recommended at least three months' salary.
What is _______ ?
a. Emergency Fund
b. Direct Deposit
Plastic card authorizing the delivery of goods and services in exchange for future payments, with interest.
What is ________?
a. Debit Card
b. Credit Card
Rent, car payments, utilities, and other amounts you pay out each month.
What is ________?
a. Income
b. Expenses
An item in a budget whose cost will appear periodically throughout the year, such as car upkeep or doctor/dentist appointments.
What is ________?
a. Periodic Expenses
b. Fixed Expenses
This stands for automatic teller machine.
What is __________?
a. PIN
b. ATM
A financial institution deposit account that allows you to store money and earn interest while providing easy access to your funds.
What is ________?
a. Investment
b. Savings Account
Smallest amount you can pay on a credit card bill.
What is _______?
a. Annual Fee
b. Minimum Payment
Most creditors require you are this age to be approved for credit.
What is ________?
a. 15
b. 18
An item in a budget whose cost is different each month, such as a utility payment.
What is _______?
a. Periodic Expenses
b. Variable Expenses
Stands for personal identification number.
What is _________?
a. PIN
b. ATM
Ways of investing money.
What is ________?
a. Stocks, Bonds, Mutual Funds
b. Savings Account
A yearly cost charged by a credit card company for use of your card.
What is ______?
a. Balance
b. Annual Fee
The amount of money you make each month.
What is ________?
a. Income
b. Expenses
Identify the type of expenses described below:
a monthly mortgage payment for your home
What is ________?
a. Fixed Expenses
b. Discretionary Expenses
c. Periodic Expenses
d. Variable Expenses
When you do not have enough money to cover a check or a purchase, it is called __________.
What is ________?
a. sufficient funds
b. insufficient funds
Individual Retirement Account used to save money for the future.
What is _________?
a. Emergency Fund
b. IRA
Amount owed to a lender or credit card company.
What is ______?
a. Balance
b. Loan
Number calculated to determine whether you are a good risk, the higher the number, the better score.
What is __________?
a. Credit Risk
b. Credit Score