Confessions of a Shopaholic
This is the highest possible credit score
What is 850?
A person's total assets combined with the amount in their bank accounts, minus debts
What is net worth?
Employee benefit that has the potential to earn you the most money
401k or other retirement program
Money paid to an insurance company to obtain an insurance policy
What is the premium?
Found at the U.S. Department of Labor website for help with obtaining employment
What are career resources?
This has a maximum credit limit that can be used for multiple purchases and can be paid back over time
What is credit card?
A record of income and expenses and a plan for managing money
What is a budget?
The primary reason people invest their money
What is increase its value?
This must be paid before an insurance company will pay benefits
What is a deductible?
The highest value alternative given up when a choice is made
What is opportunity cost?
This type of credit has the highest interest rates
What are payday loans?
The first step in budgeting
What is examining cash flow?
The risk that investments will lose money when the whole market declines
What is market risk?
Exposure to something dangerous or harmful
What is risk?
A credential demonstrating specific skills or knowledge
What is a certification?
The best way to improve a bad credit history
What is pay more than the monthly minimum payment?
Setting aside a portion of current income for future use
What is saving?
Shares in the ownership of a corporation
What are stocks?
A request asking an insurance company to pay policy benefits
What is a claim?
Required payments to the government
What are taxes?
The exchange of goods between two people
What is bartering?
A card that does NOT involve interest payments on purchases
What is a debit card?
The downward trend of the stock market over a number of months
What is a bear market?
A type of insurance policy for people who are unable to work
What is disability insurance?
The money you earn before taxes
What is gross pay?