Taxes & Payroll
Managing Debt
Starts with "C"
Life After High School
Everything and Anything
100

Your gross income minus income tax (and other deductions) leaves you with this.

net income/net pay

100

To get out of debt, your income needs to be greater than this.

Your expenses.

100

Albert Einstein said that people who understand this earn it, and those who don't pay it.

Compound Interest

100
Scholarships and grants reduce this post-secondary expense.

tuition

100

A retirement account that allows young adults to invest after-tax dollars for tax-free growth and withdrawals in retirement.

Roth IRA

200

Money earned on a regular basis with little or no effort required to maintain it.

Passive Income

200

The strategy of paying off your debts in the order of the lowest amount to the highest amount is called this. 

Debt Snowball
200

This is something that you promise to give someone if you cannot pay back a loan.

Collateral

200

Of grocery shopping, eating out, and delivery service, this is usually the cheapest option.

grocery shopping

200

This is the word for matching your bank statement with your checkbook.

Reconcile

300

The two federal payroll taxes that make up FICA.

Social Security and Medicare

300

A written cash flow plan that gives every dollar an name. 

Zero Based Budget

300

This is the 3rd Foundation of Financial Success.

Pay CASH for your CAR

300
This is financial aid from the government that must be paid back after graduation and accrues interest while you are in school.

Unsubsidized Loan

300

The practice of dividing the money a person invests between several different types of investments in order to lower risk. 

Diversification

400

What YTD stands for on a paystub/

Year to Date

400

Dave Ramsey's Famous Saying.

Winning with money is 80% behavior and 20% head knowledge. 

400

Covers damage to your vehicle caused by events other than collision, such as theft, vandalism, fire, hail, or hitting an animal.

Comprehensive

400

Form that students complete to determine eligibility for federal financial aid for college. 

FAFSA - Free Application for Federal Student Aid

400

3 of the Top Professions of Millionaires

  1. Engineer

  2. Accountant

  3. Teacher

  4. Management

  5. Attorney

500

3 of the 5 taxes paid by taxpayers.

Income, Payroll, Property, Sales, Excise

500

4 of the "Key Components of Financial Planning"

  1. Setting financial goals

  2. Net worth statement

  3. Budget and cash flow

  4. Debt management plan

  5. Emergency fund

  6. Retirement plans

  7. Insurance coverage

  8. Estate planning 

500

This is a person or organization that uses a product or service.

Consumer

500

American households spend the most in these three categories.

Housing, Transportation, Food

500

Personal Finance - All the ________ and _______ of an individual or family regarding their ______, including spending, saving, and budgeting. 

Decisions, Activities, Money

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