Vocabulary
The original amount of money borrowed in a loan or invested, not including interest or earnings.
A tax imposed by the government on the money you earn from wages, investments, and other sources of income.
payroll tax
This tip tell you to pay what person first?
yourself
The possibility of losing money on an investment or the chance that an investment's actual return will differ from expected returns.
Failure to make required payments on a loan or debt according to the agreed-upon terms. This can result in penalties, damaged credit, and legal action.
default
This tip tells you to set _______, such as, a new car, going to college, or going on vacation.
goals
A fixed amount of money paid to an employee regularly regardless of hours worked.
salary
The crime of obtaining someone's personal information (like Social Security numbers, credit card details) without permission to commit fraud or other crimes.
identity theft
This tip told you to save at least _______% of your income or any money recieved.
10 or 10%
A contract where you pay regular premiums to a company that agrees to cover specific financial losses, such as health, auto, or property damage.
insurance
Intentional deception designed to secure unfair or unlawful financial gain, often involving fake documents, false information, or identity theft.
fraud
This tool will help you track your monthly income and spending, as well as, set financial goals and spending limits.
budget
A significant decline in economic activity lasting several months, typically characterized by falling GDP, rising unemployment, and reduced consumer spending.
recession
An investment strategy that spreads money across different types of investments to reduce risk. The idea is "don't put all your eggs in one basket."
diversification
Waiting 24 hours helps you to avoid making this type of purchase?
impulse