Show:
Banking
Spending Plans
Expenses
Personal Finance
Hodge Podge
100

What type of account is typically used to keep money that will be used for a later time?

Savings Account

100

This is the amount of money you should spend on your needs.

50%

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

This is the amount of money that should be set aside and put into savings.

20%

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, money for chores, gifts, investment income, and/or other assets.

What is your source of income?

200
The easiest type of expenses to adjust.
What are flexible/variable expenses?
200

What type of job pays someone based on a percentage of something they sell?

Commission

200

This is the best way to protect your credit rating.

What is pay your bills on time?

300

What type of card can effect your credit score, positively or negatively?

A Credit Card

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

True of False:  It is important to start saving early, as the money held in an account can grow due to:

interest

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
When borrowing money from a lender, you will be paying MORE than the actual amount needed/borrowed over time because of:

Interest

400
The best time to begin saving for retirement.
What is As Soon As Possible?
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

What amount of your income should be spent on your wants?

30%

500

The major advantage of this type of card is that it is much easier to avoid going into debt.

Debit Card

500
This represents the amount of money left over after all bills have been paid.
What is descretionary income?