Budgeting
an expense that doesn't change
What is a fixed expense?
Borrowing money from a bank for a car is called this.
What is an auto loan?
Money paid upfront to protect a landlord from damages.
What is a security deposit?
Paying a credit card balance in full every month helps avoid this charge.
What is interest?
The safest place to keep money for short term goals is usually this type of account.
what is a savings account?
Money left after taxes and deductions from a paycheck.
What is net pay?
This number affects the interest you may pay on a car loan.
What is a credit score?
The amount a security deposit usually is.
What Is two months of rent?
A debit card gets the money from here instead of borrowing money from the bank.
What is a checkings account?
Money set aside for unexpected expenses.
What is an emergency fund?
A debt that will never be forgiven or pardoned. It follows you everywhere.
What is student loans?
With this agreement you return the car after a set period of time instead of owning it.
What is a lease?
When paying off a mortgage the amount going towards this increases.
What is the principal?
This card has a already pre set balance on it.
What is a prepaid card?
A person who signs a loan with someone else and shares responsibility for repayment.
what is a co-signer?
This budgeting rule says to spend 50% on needs, 30% on wants, and 20% on savings.
What is the 50/30/20 rule?
Amount paid upfront when purchasing a vehicle.
What is a down payment?
This document outlines the rules and terms for renting an apartment.
What is a lease agreement?
Using too much of you available credit can hurt this.
What is a credit score?
This boxed section lists APR's, fees and other key costs so consumers can compare credit cards.
What is a Schumer box?
You should probably write this before grocery shopping to ensure you stay focused.
what is a grocery list?
Instead of buying a new car people often buy this alternative.
What is a used car?
A longer auto loan term usually lowers monthly payments but increases this overall cost.
What is total interest paid?
A period of time in which credit card users can pay their balance without being charged interest.
What is a grace period?
This doc shows earnings, taxes witheld, and deductions from a paycheck.
What is a pay stub?