Smart Shopping
This is usually a want rather than a need for most people.
A smartphone
This type of income is usually paid biweekly or monthly for professional jobs
Salary
This types of insurance covers damage to other people’s cars if the accident is your fault
Liability
The money a company makes from sales
Revenue
You should make a list of your job preferences and skills when planning for your ______?
Career, Future Job
The trade-off you make when you choose one option and give up another
Opportunity cost
This payment method lets you keep track of how much you spend more easily
Cash
The amount you pay an insurance company for coverage
Premium
The best account for money you won’t need for over a year
This career is least affected by poor economic conditions
Healthcare, Government, Education, Plumbers, Electricians, Finance, HVAC, Mechanics, etc.
An independent consumer education website is an example of a source most trustworthy when comparing what?
Prices, Features
This credit score factor matters more than how long you’ve had credit
Payment history
These are low-risk loans made to a company or government for a set amount of time
Bonds
This type of account earns interest but is not meant for everyday spending
Savings Account
Compared to a high school diploma, this level of education earns about three times as much
Professional Degree, Advanced Degree
What financial tool helps you track money and should include all income and expenses?
Budget
The best way to avoid paying interest on a credit card.
Pay the full balance
The amount you must pay before insurance starts covering costs
Deductible
When expenses are greater than revenue, this happens
A loss, Financial loss
This type of income is earned per hour
Wage
This type of expense often changes month to month for many adults
Variable
This type of loan is hard to pay back because of high fees and high interest rates
Payday loans
Over time, the average rate of return on stocks is what percent?
More than 5%
An account with a high ________ will earn the most money over time.
interest rate
This card pulls money directly from a checking account