Income
A portion of one's earnings that is paid to the government
Taxes
An interest-bearing account where people put money for future use.
Savings
A fee received or paid for the use of money.
Interest
Something accomplished in less than a year.
Short-Term Goal
Total amount earned in a month after all deductions.
Net Monthly Income
Meaning of the FDIC, which insures savings.
Federal Deposit Insurance Corporation
A legal process that gives a debtor protection from creditors.
Bankruptcy
Following this will assist a person with managing expenses in and help with reaching long-term and short-term goals.
Budget
A social insurance program that extends health coverage to almost all Americans age 65 and over.
Medicare
The amount paid for an insurance policy.
Premium
A not-for-profit cooperative that offers bank services and is owned by its members.
Credit Union
Primary focus to be considered when budgeting.
Needs
Gathering consumer preferences for products and services.
Market Research
The next best alternative given up when making a financial choice.
Opportunity Cost
A legal process in which a lender takes possession or mortgaged property from a mortgage holder who failed to make payments.
Foreclosure
Concept of automatically putting away money every month for future use.
Pay Yourself First
A grouping of jobs and industries related by skills or products.
Career Cluster
An IOU with a set rate of return. This type of inverting doesn't represent ownership in corporation, government agency, or utility borrowing the money.
Bond
An electronic way to view account activity and pay bills via the Internet and an institution's website.
Online Banking
Category where most of a typical family's budget is spent in.
Housing