Investing/Insurance
This type of investment shares a name with a type of music device.
CD (Certificate of Deposit)
How many times a year do you file your taxes?
Once!
What is a budget?
A monthly spending plan for you money.
What is the 'term' of the loan?
The length of time you have to pay the loan
You get this type of pay from work if you are paid based on HOW MUCH you work.
Hourly
The insurance premium is how much you pay ______
per month
This is a tax that you pay when you buy certain things at the store.
Sales Tax
A short-term goal is something that happens within what amount of time?
1 year or less
What is the document that I need to fill out so that I can see how much I will get from the government for student loans?
FAFSA
You get this type of pay from work if you are paid the same amount every month you work.
Salary
The main goal of insurance is to...
transfer risk
In the United States, who is the one collects our taxes?
IRS - Internal Revenue Service
The 4 'walls' of budgeting include food, transportation, shelter, and....
utilities
A home loan is called a...
mortgage
Also known as gratuity, is a sum of money given to someone to reward their services.
Tips
This type of car insurance covers damages to the other car that you cause
Liability Insurance
This is a tax that you pay when your job gives you money. There are state and federal versions of this.
Income Tax
When deciding if you should buy something, what can you ask yourself to see if it is a need or a want?
Can I function in life without this?
How much should I pay on my credit card each month according to Mrs. Fleming?
The whole thing!
What is net pay?
WHEN ALL DEDUCTIONS ARE TAKEN OUT OF GROSS PAY, THE AMOUNT LEFT IS KNOWN AS NET PAY
How much of you income should you put into an investment?
10%
When I say 'FICA', what type(s) of taxes am I referring to?
Social Security and Medicare
If we want to make a good budget, we should make sure every dollar we make has a place on the budget, even if we put it in a miscellaneous category. This is called what kind of budgeting?
$0 based budgeting
What is a 'grant'?
Money that you get for college that you don't have to pay back
Birthday Money
Unemployment Benefits
Interest On Savings
Winning A Financial Prize
Allowance
Stock Dividends Paid By Corporations