budgeting
what is scholarships
Based on merit/ achievement
what is federal student loans
Provided by the government
what is employee
an individual who works under the supervision or control of an employer
what is Individual Plans
If you’re self-employed or not eligible for group health insurance
what is investing
to grow one's money over time
what is grants
Based on financial need
what is private student loans
Comes from banks, private lenders, other financial institutions
what is W2
United States federal wage and tax statement
what is Employer Health Insurance
Sponsored by your employer
what is trading
buy and sell
what is credit score
a prediction of your credit behavior, such as how likely you are to pay a loan back on time
what is interest rate
the amount a lender charges a borrower and is a percentage of the principal—the amount loaned.
what is W4
tells the employer the amount of tax to withhold from an employee's paycheck based on their marital status
what is deductible
the amount of money that the insured person must pay before their insurance policy starts paying for covered expenses
what is stock market
where investors buy and sell shares of companies
what is loan term
the length of the loan, or the length of time it takes for a loan to be paid off completely when the borrower is making regularly scheduled payments.
what is Fixed Rate Mortgage
Your interest rate remains the same for the entire life of the loan.
what is 1040
one of the official documents that U.S. taxpayers use to file their annual income tax return
what is ACA (Affordable Care Act) Marketplace
To make healthcare more affordable and, therefore, more readily available to everyone.
what is 401k
a plan where an employee can make contributions from his or her paycheck either before or after-tax
what is APR
the yearly interest rate you'll pay if you carry a balance on your credit card.
what is ARM definition and meaning
Rates and monthly payments remain the same for a set period of time, then change periodically.
what is independent contractor
the payer has the right to control or direct only the result of the work and not what will be done and how it will be done.
what is Direct From Insurance Providers
Private health insurance comes from your insurance provider and allows you to select the insurer and policy options right for you
what is IRA
a tax-advantaged investment account designed to help you save toward retirement.