The cost of having, not having, using, or not using...money.
interest
Reduces taxes dollar for dollar:
tax credit
Interest owed/accrued on interest:
compound interest
stock
opportunity cost
A period of time when stock prices are rising:
bull market
1. types of loans 2. age
3. payment history 4. number of accounts
payment history
Which is usually the most important piece of a borrowing decision?
amount borrowed or principal
a type of savings account where you earn a fixed rate of interest over a fixed period or term
CD or certificate of deposit
This entity is sometimes thought of as the central bank of the US:
Federal Reserve
The most common credit score for individuals:
FICO
deductible
What are two signs that you are ready to use a credit card responsibly?
various
A basket of stocks which spreads out risk:
mutual fund
This is the most common measure of US economic performance or US overall income (abbreviation ok):
GDP or gross domestic product
The federal bank account insurance program (abbreviation ok):
Building one of these to hold several months of expenses is a key to avoiding costly borrowing through credit cards, etc.:
emergency fund
An obligation or in financial terms, the opposite of an asset:
liability
A loan to a company or government in exchange for promised future payments at a set rate of return:
bond
Rearrange the words to create the most important key to financial wellness:
you less make spend than
spend less than you make
The document that must be filed with the IRS, every year by April 15th:
tax return
This tax comes out of your paycheck at a rate of 6.2%:
social security
Something you buy or own that loses value over time is what kind of asset?
depreciating
The long term performance of this is largely based on the overall performance/profitability of US companies over time.
Which is most likely to determine your long term financial success?
knowledge or behavior
behavior