Personal Finance
Examples of this type of expense include mortgage/rent, insurance, real estate taxes, and vehicle registration.
What are fixed expenses?
Adding or putting money into an account.
What is a deposit?
You can request a free credit report this often.
What is once a year?
This happens when you write checks for more money than is in your account.
What is an overdraft?
Examples of this type of expense include groceries, cellphone, electricity, heating oil/gas, and gasoline.
What are flexible/variable expenses?
An education savings plan operated by a state or educational institution. It is designed to help families set aside funds to pay for future college costs.
What is a 529 College Savings Plan?
The interest rate for a whole year (rather than monthly fee/rate) as applied on a loan, credit, or mortgage.
What is an annual percentage rate (APR)?
Retirement income paid by a company.
What is pension?
A good goal is to have an emergency fund to cover living expenses for this many months.
What is 3 months?
When saving money for a longer period of time, but you would still like easy access in case of an emergency, this type of investment typically has better yielding interest rates than a standard savings account (though fees may apply).
What is a Certificate of Deposit (CD)?
This is where you can get a free credit report with no annual fees?
What is www.annualcreditreport.com?
a small amount of money lent at a high rate of interest on the agreement that it will be repaid when the borrower receives their next paycheck
What is a Pay-Day loan?
When possible, it is better to buy a home rather than rent because purchasing real estate is considered an investment. As you pay off your mortgage you build this.
What is equity?
After paying bills, it is highly recommended that you _________ in order to ensure that you are saving money for an emergency
What is paying yourself first?
The name of the creditors who give you a FICO or VANTAGE score
What is Transunion, Equifax and Experian
This type of income represents the amount of money left over after all bills have been paid.
What is discretionary income?
Free online application that students must complete in order to receive financial assistance from school
What is Free Application for Federal Student Aid (FAFSA)?
Organizing all of your expenses and income in one sheet in order to see how much money is being allocated to each place
What is creating a budget?
Name one of the 3 major credit reporting agencies.
What is Equifax, TransUnion, or Experian?
A mobile application that offers free ongoing access to your credit scores and credit reports from TransUnion and Equifax
What is Credit Karma?