Budget
The two (2) main components of a Budget
What is Savings and Spending
What is credit limit
Debit cards are connected to these
Bank Accounts
Military (Defense) dollars are take out of these taxes
Federal
definition of Expense
Anything you buy/purchase
Type of Income used to make a Budget
What is Net Income
True or false! Credit cards are a good resource for shopping online
True
The fee for taking too much money out of your account
Overdraft Fee
Some states have this, and others don't
State Tax
Mortgage is considered this
Fixed Expense
The amount of money you earn
Income
Charge for not paying your Credit card in full
Finance Charge/Interest
Using your debit card in this machine will allow you to get cash
ATM
True of False! Only people with a paycheck pay taxes
False
Expense for paying for school tuition or education related expenses
Student Loan
When you spend less money than you earn
Surplus
A record of your financial history
Credit score
This is putting money in your account
Deposit
How often do individuals file taxes
Yearly
Electricity bill is an example of this
Variable Expense Utility Expense
Expenses
the amount of interest a credit card can charge annually
APR (Annual Percentage Rate)
This is the 3 digit number on the back of a debit card
CVV or security code
Deductions
something that makes life more enjoyable
Want