I'M GOOD FOR IT
This appears on your credit report for up to 10 years after filing.
What is bankruptcy
Money spent with a debit card is taken from here.
What is your checking account?
The cost you pay for insurance coverage.
What is a premium
Money left after taxes and essential expenses.
What is disposable income?
Low-risk government investment option.
What is a Treasury bill (T-bill)?
If you cannot pay your credit cards, this is the BEST first step.
What is contacting creditors to negotiate a payment plan?
The common nickname for U.S. currency.
What are greenbacks?
Insurance add-on to protect high-value personal items.
What is a personal property floater?
Spending less than budgeted creates this.
What is a budget variance?
A 2-for-1 stock split results in this change.
What is double shares, half price?
This type of credit allows you to borrow repeatedly up to a limit.
What is open-end credit (credit card)?
An example of electronic funds transfer (EFT).
What is an ATM transaction?
This type of insurance payout includes cash value from a life policy.
What is whole life insurance surrender value?
If expenses exceed income, you should do this immediately.
What is reduce expenses?
Selling stock for less than you paid is called this.
What is a capital loss?
A loan with NO collateral is called this.
What is an uncollateralized (unsecured) loan?
The Federal Reserve uses this to control money supply.
What is monetary policy?
A major financial risk of not having life insurance.
What is loss of income for family?
A strong financial plan includes this long-term goal.
What is retirement planning?
Money today is worth more than money later because of this concept.
What is time value of money?
This number determines how much credit lenders will give you.
What is a credit score?
This type of institution often offers the highest savings interest rates.
What are credit unions?
Bankruptcy does NOT remove this type of debt.
What are student loans and taxes?
The BEST habit for managing money long-term.
What is setting goals and keeping a budget?
This organization must approve companies issuing stocks.
What is the Securities and Exchange Commission (SEC)?