Future
A retirement savings plan that offers significant tax benefits while helping you plan for the future
What is a 401K?
What is identity theft?
An expense that helps you live life comfortably
What is a want?
When money is given to another party in exchange for repayment of the loan principal amount plus interest
What is a loan?
What is appreication?
Expanses that change in amount from month to month
What is a variable expanse?
A financial liability or obligations owed by one person, debtor, to another, the creditor
What is debt?
An expense in your budget that you can expect to stay the same, or close to it over time
What is a fixed expense?
The money that you originally argeed to pay back
What is a principal?
An estimate of income and expenditure for a set period of time
What is a budget?
A for filled out by current and future undergraduate and graduate college students in the U.S to determine whether they are eligible for student financial aid
What is a FAFSA?
A wage set by contract or by law as the lowest that may be paid to employees
What is a minimum wage?
Money given in the form of grants, work study, loans, and scholarships to help pay for post secondary tuitions and fees, as well as related expenses such as a room and board, books, supplies, and transportation
What is financial aid?
All the money you earned before taxes and deducions are subtracted
What is a gross income?
Mandatory contirbutions levied on indivduals or corporation by a government entity
What is taxes?
All the money you have earned before taxes and other deductions are subtracted
What is a gross income?
A legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations
What is bankruptcy?
The action or process of reducing paying off a debt with a regular payment
What is an amortization?
The ablity to borrow money with the promise that you'll repay it in the future, often with interest
What is credit?
The money you mayhave available after taxes and deductions are taken out of your paycheck
What is a net income?
Anything that has a current or future economic value to a business
What is an asset?
An agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money you've borrowed plus interest
What is Mortgage?
A federal program that provides part time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses
What is a work study program?
A prediction of your credit behavior, such as how likely you are to pay back a loan on time based on infomation from your credit reports
What is a credit score?
Wages withheld from an employee's total earning for the purpose of paying taxes, garnishments, and benefits, like heath insureance
What is payroll deductions?