Budgeting
This is the final phase of the budgeting process.
What is review financial progress?
This is the savings account you open should you want easy access to your funds.
What is a traditional savings account?
This is a card that you put your actual money on.
What is a debit card?
This is looking for good products over a surplus of it.
What is quality over quanity?
Fancy clothes fall into this category.
What are wants?
Saving for retirement is an example of what?
What is a long-term goal?
This is money you store away for a rainy day.
What is an emergency fund?
This is an advantage of having a credit card.
What is building a credit score?
This is an aspect of a smart shopper.
What is doing research and/or shopping around?
Keeping the heater on by paying the electricity bill is an example of what?
What are needs?
This is any amount of money spent over one year.
What is annual expenditure?
This is the savings account that offers the highest interest rates in exchange for locking away your funds until the maturity date.
What is a certificate of deposit?
This is what happens when you don't have enough money to pay for the things you charged.
What is an overdraft fee?
This is looking at different prices to find the best one.
What is price comparison?
Shelter is an example of what?
What are needs?
This is a fixed housing expense.
What is mortgage or rent payments?
You should consistently save at least ___ of your income.
What is 10-12%?
This is why your credit provider gives you a credit limit.
What is to prevent you from spending more than you can pay bacK?
This is a partial refund to someone who has paid too much money for tax, rent, or a utility.
What is a rebate?
Buying a new video game is an example of what?
What are wants?
This is the income that remains after taxes and fixed expenses are paid.
What is a discretionary income?
This is a account you can use for a retirement savings option.
What is 401(k)s?
This is who you pay when you use your credit card at a store.
What is your credit provider?
This is how you divide your income or paycheck based on needs, wants, and savings.
What is the 50-30-20 method?
This is how much you should spend your money on wants according to the 50-30-20 method.
What is 30%?