intro & basics
percentage of principal charged by the lender for the use of its money
What is Interest Rate?
interest paid on interest previously earned
What is compound interest?
Fill this out to let your employer know how much tax to withhold from your pay
What is Form W-4?
expense that occurs at various times throughout the year and tends to be in large, lump sums
What is Intermittent expense?
Business that Ms. Bandy owns
What is a photography business?
granting of a loan and the creation of debt; any form of deferred payment
What is credit?
Range of months I recommend to have saved for an emergency fund
What is 3-6 months?
lists your employer’s information, how much you were paid, and how much they withheld in taxes and other deductions
What is Form W-2?
Rent is this kind of expense
What is fixed expense?
Ms. Bandy's degree
What is Family & Consumer Science Education?
An asset that increases in value over time.
What is an Appreciating asset?
A secured loan requires....
What is collateral?
the dollar amount people can subtract from their income before the tax is calculated
What is standard deduction?
protection for loss or damage to your vehicle caused by something other than a collision (such as vandalism)
What is comprehensive insurance?
Ms. Bandy's favorite holiday
What is Valentine's Day?
components of a budget (4, in order)
What is income, giving, saving, spending?
tool that typically offers the highest interest rate
What is Certificate of Deposit?
tax on purchased goods and services
What is sales tax?
credit that automatically renews whenever a payment is made to reduce the debt
What is revolving credit?
Ms. Bandy's favorite vacation spot
What is California (specifically Laguna/Newport)?
The 4 walls include
What is shelter, utilities, transportation, and food?
FDIC stands for this
What is Federal Deposit Insurance Corporation?
when the IRS reviews your tax documents to make sure you reported them correctly
What is an audit?
FICA includes these two things
What is Social Security and Medicare?
Ms. Bandy's 2 biggest fears
What is ladybugs & belly buttons?