Hodge Podge 1
Budget 1
Insurance
Budgets 2
Budgets 3
100
A benefit of Investing in Corporation stock
What are Dividends
100
Financial statements are summaries of past realities but these but these reflect current realities
What are budgets?
100
This is designed to build cash value within an insurance policy
What is whole life insurance?
100
These are normally projected for a one month period
What is a personal budget?
100
Unlike an annual budget this shows monthly and seasonal variations in income and expenses
What is a cash budget?
200
Your ability or willingness to take chances
What is risk tolerance?
200
This must happen if a budget is to succeed.
What is goals and behaviors must be reconciled?
200
The state of Connecticut requires these terms in car insurance
What Bodily injury and comprehensive auto insurance
200
These financial factors are to be considered in an operating budget
What are micro and macro factors.
200
These focus on a specific asset or activity
What is a specialized budget?
300
Typically paid by bonds
What is interest?
300
How you finance your life determines this
What is how you can live your life?
300
Is insurance for a set time period
What is Term Insurance?
300
These factors that affect your budget come from a wider economy study
What are macro factors?
300
This kind of budget tracks taxable expenses
What is a tax budget?
400
The purpose of diversification
What is spread investment risk or reduce economic risk
400
You may have to do this if your actual budget results are worse than expected.
What is readjust your budget?
400
Provides a decreasing benefit as the time period decreases
What is decreasing term insurance?
400
These are based on personal history, microeconomic factors, and macroeconomic factors.
What are budget projections?
400
If these are irregular they may have significant impact on annual budgets
What are irregular cash flows?
500
These reduce taxable income
What are deductions and exemptions
500
These are short term because they need to be taken care of repeatedly and often
What are recurring budget items?
500
This provides insurance against a specific risk for a specific time period, but with no investment benefit
What is Term Insurance?
500
Accounts for capital expenditures or non-recurring items
What is a capital budget?
500
To avoid disappointments you should take this approach when planning you budget.
What are conservative expectations?
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