CHECKING MY BUDGET
Some might refer to this as a budget, but its lesson name is called this _____________ and it is important no matter what your income level, no matter how large or how small your assets are.
Spending Plan
When you choose a bank, you should keep three main points in mind: convenience, service and this important factor.
Some banks offer an this cushion, which means if you make a payment out of your account by writing a check or using your debit card, the bank promises to cover the purchase amo
Overdraft Privilege
is a goal you want to achieve in 12 months time.
Short-Term
generous gift of money or time to a person or organization
Charitable Donation
The first section of a spending plan is
Income
These banks do not have physical locations you are able to walk into and do your banking.
Virtual banks
Banks make their money by charging __________for the services they offer, by charging ___________ on loans that they make and by charging ___________ on investments they sell.
Fees, interest, and commissions
This goal is one you want to achieve in more than 12 months, but less than five years.
Intermediate
same amount of money earned on a set interval basis, such as monthly or quarterly
Fixed Income
The first section of a spending plan is
Expenses
While commercial banks operate for a profit, credit unions are owned by its members who are also its customers and operate as this.
non-profit organization.
RISK OR TAKE
GAIN 300 POINTS
This goal is one you want to achieve in more than five years and possibly up to 30 to 35 years.
Long-term
amount of money earned is not the same each pay period
Variable Income
If someone comes in with a spending plan, it shows they have
maturity
is one of the most widely recognized of the bank institutions because they have been so well known throughout the years.
Commercial bank
RISK OR TAKE
LOSE 400 POINTS
Once you have your goals _________ , it’s time to create a plan to help you achieve these goals.
prioritized
a bill, such as monthly rent, which is the same each month
Fixed Expenses
log of deposits and withdrawals from a checking account
Checkbook Register
While you may be able to open a checking or money market account with this type of financial organization, the minimum deposit is sometimes higher and access to loans is usually limited to how much money you have invested with this
a brokerage firm.
Ask the customer service representative to explain the fees to you if you do not understand them and make sure there are no secret things like..
hidden fees
Deciding what is important to you helps you not to do to make these type of "sive" purchases
Impulsive or Compulsive purchases
money without a specific purpose left over each month after all bills have been paid
Discretionary