Living the Good Life
"A state of being comfortable, happy, and healthy" is known as someone's...
Well-being
This is considered to have the biggest impact on your finances:
Your career choice
A savings tool that allows for numerous withdrawals and unlimited deposit:
Checking account
You must fill out FAFSA to receive student aid this often:
Every year you're in school
The S&P Index tracks this many of the top companies in the U.S. stock market:
500
Your attitudes about money are shaped by factors such as:
Values, family, environment, experience, media
The type of financial statement that makes a plan for future spending:
A budget
The FDIC and NCUA insure up to this much per account, per institution:
$250,000
You should look at this when looking at what it will cost to attend a school:
Net Price
The Rule of 72 will tell you:
% rate needed to double your money given a timeframe
Amount of time it will take to double your money at a specific rate of return
The T in SMART goals stands for:
Time-bound
One example of earned income is:
Salary, wages, commission, bonuses, tips
An emergency fund should have ________ months of living expenses:
3-6 months
Your last resort for paying for college should be:
Personal loans
Buy owning a stock, you also own:
(Equity!)
The level of material necessities and luxuries enjoyed or desired by an individual or family is:
Standard of living
The two mandatory Payroll Taxes that everyone pays are:
Social Security and Medicare
A type of savings tool that has a maturity date and typically earns a higher interest rate than a normal savings account:
Certificate of Deposit
You must start repaying student loans once you:
Leave school (graduate/dropout)
Drop below half time enrollment
The percentage of you portfolio invested in stocks vs. bonds is known as:
Asset allocation
The length of time for a goal to be considered a "long term" goal is ____ to _____ years:
8-15+
If your assets outweigh your liabilities, you are considered:
Solvent
One difference between commercial banks and credit unions is:
Banks are for profit; credit unions are non profit
Credit unions are member owned, banks are not
With a subsidized loan, interest is paid by:
This investing strategy will help you reduce market timing risks:
Dollar cost averaging