Budgeting & Money
What is the term for money you earn after taxes and deductions?
Net Income
What is the measure of how trustworthy you are to borrow money?
Credit Score
What form tells your employer how much to withhold for taxes?
W-4
Regular amount you pay to have insurance (usually monthly)
Premium
A document summarizing your skills, experience, and education
Resume
What is the term for ongoing costs that stay the same every month (like rent)?
Fixed Expense
What does APR stand for?
Annual Percentage Rate
The total amount of money earned before any taxes or deductions are taken out.
Gross Income
Insurance that covers medical bills
Health Insurance
A brief meeting where an employer evaluates a potential employee’s qualifications.
Job Interview
What budgeting rule splits your income into needs, wants, and savings?
50/30/20 Rule
What type of loan is used to buy a home?
Mortgage
Money returned to you when you’ve paid too much in taxes
Tax Refund
Insurance that protects your belongings in an apartment
Renter’s Insurance
A signed agreement outlining responsibilities, terms, and conditions between two parties, often used for employment or housing.
Contract
What is the term for money set aside for unexpected expenses?
Emergency Fund
The total cost of borrowing money when interest keeps getting added to unpaid balances month after month.
Compound Interest
Money taken out of your paycheck for taxes and other costs
Deductions
Amount you pay before insurance begins covering costs
Deductible
A short statement that expresses your career goals at the top of your résumé.
Objective Statement
The total value of what you own minus what you owe; a snapshot of your overall financial health.
Net Worth
The maximum amount of credit that a lender extends to a borrower on a credit card or account.
Credit Limit
What is FICA and what does it fund?
Federal Insurance Contributions Act – funds Social Security and Medicare.
Type of Auto Insurance that covers damage you cause to others while driving
Liability Insurance
A payment made in advance when renting housing
Security Deposit