Banking and Budgeting
This is something you have to include when writing a check.
What is the payee, amount in words & numbers, date, or your signature on the front?
What is keep a record of your credit card number and transactions, notify CC company if stolen, or make sure your card is returned after making a purchase?
This is an optional type of retirement account that you can enroll in through an employer that you make contributions to. The employer may match this.
What is a 401(K)?
This is a step you can take to limit the risk financial loss in the case of unanticipated events.
What is purchase insurance?
The I in IRS stands for this.
What is Internal?
This is something that makes a credit union different from a bank.
What is member-owned, non-profit, volunteers on the board of directors?
This is a database of consumer credit use, spending, and repayment is known as
What is a credit bureau?
This is used to estimate how long it will take for an investment to double in value.
What is the "Rule of 72"?
Renting may be a wise choice if you want to be able to move around. This is another term for being able to move around.
What is mobility?
Hairstyling and bookkeeping are examples of this type of business.
What is a service business
This is an example of a variable expense.
What is electric bills, water bills, groceries, gas, etc.
This C of Credit requires that an individual's assets exceed their liabilities.
What is capital?
This is a retirement savings account funded by the employer. The employer manages the account and payouts are made on a monthly basis in retirement.
What is a pension?
This type of insurance is intended to supplement your income if you become injured or ill and cannot work
What is disability insurance?
This is an example of a mandatory deduction from your paycheck.
What is social security, medicare, and state/federal income tax?
What is a certificate of deposit?
This type of credit cardholder does not pay off his or her balance in full each month.
Who is a revolver?
This is a type of personal retirement account that you choose to contribute to and pay taxes on when the money is withdrawn.
What is a traditional IRA?
This is the legal process of removing a tenant from rental property.
What is eviction?
This can be achieved by spending, saving, and investing to have the kind of life you want and financial security.
What is personal finance or personal financial planning?
When using the 50/30/20 rule, this should account for 50% of your budget.
What are fixed expenses?
This is the total dollar amount you pay to use credit.
What is a finance charge?
This is a type of personal retirement account that you contribute post-tax money to and can withdraw money from tax-free.
You are parked in your driveway and a storm blows through in the night that drops a tree on your car. This type of auto coverage would protect you in this case.
What is comprehensive coverage?
This is one of the major parts of estate planning.
What is writing a will, designating care for children, designating care for your finances?