Banking/Budgeting
True or False
Banks are a recent invention in America, dating to 1934.
False
The key to smart shopping is remembering your ______ versus your ________. We _____ water, but we _____ a soft drink.
needs versus your wants. need water want a soft drink.
Saving your money can really help you in _________ situation.
emergency
Halfway housing can sometimes be called ________ housing and can help ease you back into living outside of incarceration.
transitional
Child support is a legal obligation! If you owe it, do not ignore it while in prison. Tell the state to stop or ______ your payments due to your incarceration
modify
Identity theft is
a. a very common crime
b. one of the fastest growing crimes
c. switching names with someone for fund
d. using a family member's credit card with permission.
b. one of the fastest growing crimes.
Some examples of needs are:
Two types of accounts that are used to grow your money include ______ and _______ _______ accounts.
savings, money market
The purpose of a _______ deposit is to cover any damage that you might do to a place while living there.
security
Parenting is about your ________. Not about giving presents/gifts! Don't make false ________. Trust takes ________.
presence, promises, time
Fixed expenses are...
expenses that do not change from month to month.
When managing your debt, it is recommended that you pay the smallest debt first. This is also called the ________ method.
snowball
The policy cost, which is usually a monthly charge, is called a _______.
A _______ is a legally binding document, so do not sign it unless you are committed to all of its terms. Breaking it could look bad on your rental record.
bond
A _____ helps you plan ahead and keep track of your money. It is your ______ minus _________.
Budget, income minus expenses.
_____ is an amount owed to a person or organization for funds that are borrowed.
Debt
Auto insurance covering liability, collision, personal injury and loss is considered a _____________ policy.
comprehensive.
MSRP stands for....
Manufacturers Suggested Retail Price
The two types of individual retirement accounts (IRA's) include a ___________ IRA and a _______ IRA.
traditional and Roth
fixed expenses.
Predatory _________ is when lenders use unfair or deceptive practices to entice borrowers into taking a loan from them.
lending
Whenever you are making a _____ to your insurance company, be sure that whatever you are reporting is actually covered in your policy.
claim
The form of alternative transportation that is the cheapest is ________
walking.
Long-term goals can be divided into four main categories: business, education, _______, and retirement
housing