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Banking
Spending Plans
Expenses
Personal Finance
Payment Methods
100
One of the factors people use when choosing a bank.
What is location, convenience, rates, or fees?
100
This is something every spending plan should have.
What are goals?
100
Examples of this type of expense include mortgage/rent, insurance, real estate taxes, and vehicle registration.
What are fixed expenses?
100
This is what credit card companies charge for use their money.
What are finance charges?
100

A payment method that is quick, safe, and easy but has high fees and is irreversible.

What is wire transfer?

200
A request for your bank to pay another party from funds in your account.
What is a check?
200
This may include your paycheck, child support, alimony, investment income, and/or other income.
What is your source of income?
200
The easiest type of expenses to adjust.
What are flexible/variable expenses?
200
The best way to reduce your credit card debt.
What is pay more than the minimum payment required?
200

A payment method that is easy to use and carry, can prevent hacks, convenient but has high interest rates and annual fees. 

What is credit card?

300
This should be performed monthly to ensure proper record keeping and help protect against identity theft.
What is a bank reconciliation?
300
The term used to describe the things you spend your money on.
What are expenses?
300
Using these reduce your grocery bill, which is one way to help lower your monthly flexible/variable expenses.
What are coupons?
300
When possible, it is better to buy a home rather then rent because purchasing real estate is considered an investment. As you pay off your mortgage you build this.
What is equity?
300

A payment method that has unrestricted usage and is accepted everywhere but is easy to steal or lose and can't be tracked.

What is cash?

400
The limit of money deposited in a bank that is insured by the FDIC.
What is $100,000.00?
400
One of two types of expenses.
What are fixed or flexible (variable) expenses?
400
Examples of this type of expense include groceries, wireless telephone, electric, heating oil/gas, and gasoline.
What flexible/variable expenses?
400
Preferably, the only types of purchases that should be financed are these.
What are large purchases (such as a house or car)?
400

A payment method that has no interest charges and low fees but has limited funds and fraud risks.

What is debit card?

500
This happens when you write checks for more money than is in your account.
What is an overdraft?
500
Every spending plan should be this.
What is realistic?
500
One of the ways (relating to time) that expenses occur.
What is monthly, annually, quarterly, periodically, etc..?
500
Calculate this by taking the total amount of money and assets you have and subtracting the total amount of money you owe.
What is your Net Worth?
500

A payment method that is safe to receive and is available almost everywhere in the world but can't insure who gets it and has high fees.

What is e-transfer?