Money
This is a plan for how you will spend and save your money.
Budget
This document shows how much money you earned and taxes withheld.
W-2
What is scarcity?
is the idea that people have unlimited wants but limited resources.
This protects you financially from unexpected events.
Insurance
This is owning part of a company.
Stock
This type of expense stays the same each month, like rent.
Fixed Expense
This is money paid by a bank for keeping your money in a savings account.
Interest
What is inflation?
The increasing of prices over time.
This is the amount you must pay before insurance coverage begins.
Deductible
This investment pools money from many investors to buy a variety of assets. (group of stocks)
Mutual Fund
This account is designed for everyday spending and writing checks.
Savings Account
This institution controls the money supply in the United States.
Federal Reserve
What Rule stops fraud?
10b-5
This insurance protects against medical expenses.
Health Insurance
This concept means not putting all your money into one investment.
Diversification
This is money left after all expenses are paid.
Disposable Income
more income pay a higher percentage in taxes than people who earn less income.
Progressive Tax
What is affected when you miss a payment on your debt?
Your credit score goes down!
What is a copay?
a fixed amount of money a person pays for a medical service or prescription, while the insurance company pays the rest.
This is the process of earning interest on both the original money and the interest already earned.
Compound Interest
What is a pension?
Employees usually work for many years and then receive monthly income during retirement based on factors like:
tax system in which lower-income people pay a larger percentage of their income in taxes compared to higher-income people.
What is the government agency responsible for collecting federal taxes and enforcing tax laws in the United States?
IRS
What type of insurance does EVERY homeowner need in Tampa?
Flood Insurance
What Mutual Fund does Mr. Mahoney invest in?
S&P 500