Investing
How long would it take and investment to double at 9 percent compound interest?
8 years
A plan for how to spend your money over a set period of time
Budget
A card that offers you the option to buy now and pay later
Credit Card
an occupation undertaken for a significant part of a person's life with opportunities for advancement
career
What is the recommended amount for paying yourself first
10 percent
A share of ownership in a company
stock
The money you make BEFORE taxes are taken out
Gross income
A card that is directly connected to your checking account
Debit Card
A for-profit institution that offers personal loans, mortgages, and other services.
Bank
A bull market refers to when stock prices are rising. What is it called when they are dropping?
Bear Market
An expense that changes every month is a ______ expense
variable
A card that can be bought from a store and needs to have its funds refilled
Prepaid Card
What is it called when your employer sends money straight to your bank account?
Direct Deposit
Purchases you don't plan to make
Impulse Purchases
The amount of stocks traded in a day
Volume
What does PYF stand for, and what is it?
Pay Yourself First - Saving
A social insurance system that provides benefits to most Americans who are retired, sick, or too disabled to work, and to families of workers who have died
Social Security
Your money in the bank is ensured up to how much by FDIC?
250,000
The shortened version of a company stock name (NKE, AAPL) is called what
Stock symbol
An expense that stays the same every month is a _____ expense
True or False, A credit union is a not-for-profit institution
True
A social insurance program that extends health coverage to almost all Americans age 65 and over
Medicare
A written order for a bank to pay money
Check