Money wise
A plan to manage income, spending and saving. It is also called a spending plan.
budget
A bank check made out to an employee for salary or wages.
paycheck
The increase prices of goods and services over time.
Inflation
A small, specially coded plastic card issued by a bank, business, etc., authorizing the cardholder to purchase goods and services on credit.
A credit card
An insurance .............. is the amount of money an individual or business pays for an insurance policy.
premium
The act of using money to buy goods or services.
spending
A specific arrangement where you do tasks for an employer.
job
A measure of how popular or necessary an item is and how many consumers want to buy it.
demand
Borrowing to buy something with the promise to make payment at a later time
Credit
Name two banks in London Ohio or two in Mount Sterling Ohio.
London - Huntington, PNC, Woodforest National, Merchant National
Mount Sterling - North [Valley, Chase
Money you have set aside in a secure place, such as in a bank account, that you can use for future emergencies or to make specific purchases.
Savings
Income earned for providing human resources (labor) in the market.
Wage
A system of production and distribution of resources, goods, and services.
Economy
A percentage of a sum borrowed that is charged by a lender or merchant for letting you use its money.
Interest rate
Current Ohio minimum wage.
$ 9.30
To use money to earn more money - generate income or make profits
invest
A program in the U.S. that requires workers to make regular payments to a government fund that is used to make payments to people who are disabled or retired.
Social Security
The amount of money, determined by the interaction of buyers and sellers, that a buyer must pay to acquire a good, service, or resource.
Price
Money borrowed by one party from another that must be paid at a later date.
debt
The current total local sales tax rate in Madison County.
7 %
An expression used to refer to putting money aside for a future time of need.
Saving for a rainy day.
The lowest wage per hour that a worker may be paid, as mandated by federal law.
minimum wage
The amount of income needed to achieve a given living standard.
Cost-of-living
A number from 300 to 850 that depicts a consumer’s creditworthiness.
credit score
What does I.R.S. stand for?
Internal Revenue Services