Budgeting
What is Bugeting?
Allow or provide a particular amount of money in a budget.
What is Credit and Debt?
A debit card is used to make a purchase with one's own money. A credit card is used to make a purchase by borrowing money.
What does Investments mean?
The action or process of investing money for profit or material result.
What are taxes?
A mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.
What is Insurance?
A method by which you can protect yourself and your loved ones from facing a financial crisis
How can budgeting help?
Budgeting keeps your finances under control, shows when you need to make adjustments to your spending, and helps you decide where your money goes instead of wondering where it all went.
What is Credit?
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
A loan taken out by a company.
Who pays taxes?
High-Income Taxpayers
What is health insurance?
Health insurance is a legal entitlement to payment or reimbursement for your health care costs, generally under a contract with a health insurance company.
What are 5 major things to consider in your budget?
What is Debt?
something, typically money, that is owed or due.
What are investment frauds?
The courts classify fraud under two major types: criminal and civil.
Do taxes come back?
If you paid more through the year than you owe in tax, you may get a refund
Whats the best Insurance?
life, health, long-term disability, and auto insurance
What are the 3 P's of budgeting?
paycheck, prioritize and plan.
What are major credit issues?
Lack of enough credit history.
what's the best type of investment?
What are the 3 types of taxes?
progressive tax—A tax that takes a larger percentage of income from high-income groups than from low-income groups.
proportional tax—A tax that takes the same percentage of income from all income groups.
regressive tax—A tax that takes a larger percentage of income from low-income groups than from high-income groups.
What kind of insurance is best for Health/ Living?
Health Insurance!
What are the 4 rules of budgeting?
Give Every Dollar a Job. Embrace Your True Expense. Roll With the Punches. Age Your Money.
What is the relationship between debt and credit?
Credit is the loan that your lender provides to you
Debt is the amount you owe and must pay back with interest and all fees.
What type of investment has the best return?
The U.S. stock market
What is a topic in tax?
Tax topics are a system the IRS uses to organize tax returns and share information with taxpayers.
Why do people fail in insurance?
The most commonly cited reason insurance agents fail is that they fail to listen to their customers and take the time to find the best product to suit their needs.