Bread and Butter
This is your total income before deductions
What is Gross Income?
This refers to your present and future ability to meet your payments
What is capacity?
This person can help you open a checking or savings account
Who is a customer service representative?
This type of job requires a special education, training, or skill
What is a profession?
Gross Income - Deductions = ?
What is Net Income
The value of your assets and your net worth
What is capital?
This type of account allows you to pay bills and buy goods with money have deposited
What is a checking account?
This is a job or profession that a person holds for a long period of time
What is career?
What are deductions?
When a lender ask questions about how you paid bills or debts in the past
What is Character?
True or False: It is not necessary to write the numerical amount of the payment when writing a check.
What is False?
Name the 6 different paths to employment
What is a two-year college, four-year college, apprenticeship, military , direct to workforce (job) and entrepreneur
This is your total income after "Uncle Sam" takes his cut
What is Net Income?
These factors determine your credit score
What is outstanding debt, credit history, types of credit in use, pursuit of new credit or credit inquiries and payment history
Which logo is displayed by the bank to let customers know that their money is insured
What is FDIC logo?
Name the 3 steps to building a budget
What is keeping track of your spending, identify your income and expenses, look at cash flow and look for ways to increase income and decrease expenses
True or False: Your savings is the only deductions on your paycheck you can control?
What is True
What two factors have the most influence on your credit score?
What are outstanding debts (30%) and payment history (35%)
This is the percentage of your balance that the bank pays you for keeping your money at that bank.
What is interest?
Expenses that do not change from month to month are considered what kind of expenses