Budgeting
An expense that stays the same every month
What is fixed expense
If you are told a mortgage is for 30 years that means it is for this many months
What is 360 months
If a car loan is for 36 months it is for this many years
What is 3 years
This is where you write the amounts of checks that can not fit on the front of a deposit slip
What is the Back
Fee charged on all loans
What is interest
An expense that changes every month
If the percentage of interest is post as 4% how to you convert that?
What is .04
The amount loan is taken out for?
Principle
What is the memo
When you hear the abbreviation FICO it should remind you to check this
What is your credit score
If you make money on a income sheet
What is Net Gain
A mortgage that last 20 years is this many months?
What is 240 months
The money used to lower the amount of the loan
What is a downpayment
This type of account pays no interest but is easy to access
What is a checking account
A number banks and lenders use when you apply for a loan
What is your credit score
A sheet that shows assets and liabilities?
What is a balance sheet
PMI stands for this?
What is Principle Mortgage Interest
When you give one vehicle towards a new vehicle it is known as a what
What is a trade in
Where do you list checks as you write them out?
What is on the register
Where you want to be in 10 years is called a what?
What is a long term goal
It's why we make a budge
What is to make a plan for how we spend
The term APR stands for
What is Annual Percentage Rate
5.75 percent interest is written how to figure out interest amount
What is 0.0575
On a deposit slip where is the account number
What is the top left side
What is a field that your job belongs to called
What is a career