College Planning
This is money you do not have to pay back for college which is usually recieved by writing an essay
What is a scholarship?
This is money paid to the government
What are taxes?
The name of the investment research website
What is Zach's?
This is the general increase in prices over time that reduces the purchasing power of money
What is inflation?
This is the difference between what you own and what you owe
What is net worth?
This is money borrowed for school that must be repaid
What is a student loan?
This form shows how much money you earned in a year
What is a W-2?
What is How The Market Works?
The percentage Ramsey suggest for you to tithe
What is 10%?
The paramenter that measures investment risk
What is beta?
This is the free application students complete to apply for federal financial aid for college
What is the FAFSA?
This is money returned to you if you overpaid taxes
What is a tax refund?
This type of investment fund is the S&P 500
What is an index fund?
What is paying cash for college?
What is medicare?
This does NOT need to be repaid and is often awarded through FAFSA based on financial need
What is a grant?
This term means reducing taxable income legally
What is a tax deduction?
Pooling investors money together to purchase stocks
What is a mutual fund or index fund?
The 3rd foundation in Ramsey Classroom
What is paying cash for your car?
This financial concept means money today is worth more than the same amount in the future
What is the time value of money?
Name 3 ways to save for college
What is community college, RA, live at home, work-study, employer reimbursement
The goverment retirement deduction
What is social security
Personal Finance is ____ knowledge and ___ behavior
What is 20% and 80%?
The rate of return that Mr. Shimada said in clas what the S&P 500 returns over 20 years
What is 10-12%?