Car Ownership
Is a three-digit number that measures an individual's trustworthiness to pay back loans or debts.
What FICO?
Hulu, Netflix, Spotify
What are examples of wants?
Costco, BJ's and Sam’s Club.
What is where i can buy in bulk?
The rate at which prices for goods and services rise.
What is inflation?
Items you own that can provide future benefit to your business, such as cash, inventory, real estate, or office equipment.
What are assets ?
A document that is issued by the state that acts as a certificate of legal ownership
car title
When you're creating a monthly budget, one of the most important steps you need to take is categorizing your spending.
What are needs vs wants?
Food that is not ultimately consumed by humans that is discarded or composted.
What is food waste?
A federal agency that collects and disseminates various data about the U.S. economy and labor market.
What Is the Bureau of Labor Statistics (BLS)?
A share of ownership in a public or private company.
What are stocks?
The total cost to borrow the money, including interest, as well as any other fees, such as loan origination fees.
Annual Percentage Rate (APR)
What you can’t live without, or at least not very easily.
What are needs?
Planning meals is key to making a food budget work.
What is a menu?
A general decline in prices when the inflation rate falls below 0%.
deflation
A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.
What is a salary?
The longer you own a vehicle and the more miles you put on it, the less it's worth.
What is negative equity?
A plan for your spending during a set period.
What is a budget?
Know exactly what you need for your weekly menu.
What is making a list?
Printing and giving away more money to citizens, Legally devaluing (reducing the value of) the legal tender currency and Loaning new money into existence as reserve account credits through the banking system by purchasing government bonds from banks on the secondary market (the most common method)
What are causes of inflation?
Income, savings, spending and investment.
What are the four principles of finance?
Cash you pay the vehicle seller or dealer toward the total price of the vehicle.
What is a down payment?
Allocates all of your income to expenses.
What is a zero-based budget?
Eating previous dinner for lunch.
What are leftovers?
Food grains, metal, fuel, utilities like electricity and transportation, and services like healthcare, entertainment, and labor.
What are commodities?
A contractual agreement in which a lender loans money to a borrower, understanding that the borrower intends to repay it later.
What is credit?