General Finance I
To provide a specific amount of money for certain uses.
What is a budget?
When you owe money to someone.
What is debt?
The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty.
What is Proverbs 21:5?
Digital money that lives on the internet.
What is cryptocurrency?
A bank account that earns interest.
What is a savings account?
A document you complete so that your employer knows how much in taxes to take out of your paycheck.
What is a W-4?
A type of savings account that typically offers a higher interest rate compared to traditional savings account.
What is a High Yield Savings Account (HYSA)?
Honor the Lord with your wealth and with the firstfruits of all your produce; then your barns will be filled with plenty, and your vats will be bursting with wine.
What is Proverbs 3:9?
Pieces of ownership in a company.
What are stocks?
When scammers trick you into providing personal information by pretending to be a legitimate company online, via email, or via text.
What is phishing?
A type of account that you put your money in for a set amount of time that you can't withdraw from without a penalty.
A borrowing limit set by a bank.
What is a credit line?
What God called the rich man in the parable Jesus told in Luke chapter 12.
What is a fool?
The amount of money that was returned to you after you invested your own money.
What is ROI or Return on Investment?
When a website's payment platform has "https://" that means this is better.
What is encryption?
When someone you owe money to takes money out of your paycheck before you ever see it.
What is garnished wages?
When you put your money into something and hope it makes even more money.
What is an investment?
The parable Jesus told in Matthew 25 about the three servants entrusted with their master's property.
The Parable of Talents
Money you earn without working for it every day.
What is passive income?
You should consider purchasing this type of wallet to protect against your card being scanned while in your wallet.
What is RFID blocking?
The ability to quickly and easily convert an asset into cash without significantly affecting its value.
What is liquidity?
A score that ranges anywhere from 300-850.
What is a credit score?
Jesus said to them, "Render to Ceasar the things that are Ceasar's, and to God the things that are God's." And they marveled at him.
What is Mark 12:17
The value of something going down.
What is depreciate?
This hides your IP address and creates an encrypted tunnel for your data.
What is a VPN or Virtual Private Network?