Money Management
the total amount of income from wages before any payroll deductions & Taxes
Gross Income
usually pay the highest rates of interest because they have lower risks and costs of operation. They are not-for-profit organizations
Credit Unions
must notify be to track large deposits, the federal government requires that deposits of $10,000 or more
US Treasury Department
Covers damages to the policyholder's car if they are at fault.
Collision
a share of ownership and interest in the assets and earnings of a company
Stock
A plan for making and spending money
Budget
General Rise in prices
Inflation
financial product can you buy for $25, is safe, and will be worth $50 at a future date
Series EE Savings Bond
Covers medical expenses for you.
Medical
stock with fixed dividends, less risk
Preferred Stock
How easily an asset can be converted into cash
Liquidity
Can lower stock prices because of lower business profits
Rising Interest
Balancing your records with the banks records
Reconciling a checking account
Amount of money that the policyholder has to pay the insurance company for protection.
Premium
a group of investments held in common with shares owned by individual investors
Mutual Fund
6 months worth of expenses is recommended for what?
Emergency Fund
The cost to use someone else's money for a period of time is
Interest Rate
putting money into a savings account before spending any money
Pay Yourself First
The amount the policyholder must pay for expenses before the insurance company pays anything.
Deductible
an account in a bank/financial institution for saving, making deposits/withdrawals
Savings Account
government imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airline
Excise Tax
requires that the finance charge and annual percentage rate be disclosed to the consumer in advance
Truth in Lending Act
This financial institution account generally does not pay interest.
Checking Account
Legal responsibility to pay if a person causes an accident or harm to someone.
Liability
how easily the interest or cash value of an investment can change
Volitility