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.

fixed expenses

100

This is a plan that outlines your income and expenses, helping you to reach your finance goals.

Budget

100

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

20%

200

This type of card can offer benefits such as rewards, cash back, points, and travel insurance.

What is a credit card

200

A loan to purchase a house

mortgage

200

Your water bill is an example of this type of expense.

Variable

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.

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

Levy (money) paid by individuals or corporations to the government

a.  property tax

b.  income tax

c.  comission

income tax

300

The act of allocating money into assets such as stocks, bonds, or real estate, in the hopes to make more money

What is investing

300

A recording artist is someone who gets paid this type of income:

a. contract

b. royalty 

c. salary

Royalty

400

Money earned by investing or borrowing

interest

400

Name the three types of expenses learned in this unit.

Fixed, Variable, Periodic

400

Examples of this type of expense include groceries, wireless telephone, electric, heating oil/gas, and gasoline.

What are 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

Paying for a new floor after a flooded basement is what type of expense?

periodic

500

Number that assesses a person's credit worthiness

credit score

500

A disadvantage of this type of card is that it does not help to build your credit score.

Debit

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 type of income involves a wage that is fixed and determined on an annual basis.  

Salary