Budgeting
Another word for the money you make
What is income?
Money that is owed.
What is debt?
Most people in the hood hide their money
What is under the mattress?
Money that took little to no effort to earn.
What is passive income?
The paper from your bank to see your spending habits
What is Bank Statement?
The extra charge for borrowing money.
What is interest?
What is it called to save up to 3-6 months worth of living expenses
What is emergency funds?
A company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt.
What is a mutual fund?
When you get paid; when should you pay yourself?
What is first?
A report listing your debts, activity on your accounts and credit rating.
What is a credit report?
The savings account that has better interest.
What is High Yields Savings Account.
A stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States.
What is the S&P 500?
An expense in your budget that stays the same over time.
What is a fixed expense?
The term for the value of money going down over time due to the increase in the price of goods and services.
What is inflation?
Based on financial advisors, what is the percentage of your paycheck you should save?
What is 20%?
In investing, finish the statement, "we buy...and.."
What is buy low and sell high?
An expenses that changed from time to time.
What is a variable expense?
When a parent adds a child to their credit card, helping them build their credit.
What is an authorized user?
A strategy to set up reoccurring transfers from a checking account to a designated savings account.
What is automatic savings?
Dwindling investor interest and a change in investor perception of the stock, causing a rapid and often unanticipated drop in stock prices.
What is stock market crash?