Banking
The three categories of 50/30/20 rule are…
What is Needs, Wants, and Savings?
4 Types of Taxes
What is Income, Property, Goods & Services, and Business?
Illegal not to have these 2 types of insurances in California
What is Health and Car/Auto Insurance (Liability Coverage)
Exponential growth in earnings over time.
What is Compound Interest?
The person(s) renting and occupying the property or land.
What is Tenant?
One of the best types of savings account to maximize your moneys growth.
What is High Yield Savings Account?
State the difference between net income vs gross income
What is...
Net income is the amount employees take home after taxes and other deductions
Gross income is what employees earn before taxes and other deductions?
A formal request to an insurance company asking for a payment/reimbursement after an accident or incident
What is Claim?
The 3 major types of security investments
What is Stocks, Bonds, Mutual Index Funds?
A returnable fee when renting to cover any possible damages
What is Security Deposit?
Ownership of Banks vs Credit Unions
What is Shareholders vs Members?
This form is used to file federal and state income tax returns.
What is W2 form?
Age limit for staying on your parents' auto insurance.
What is no age, but you must live with them?
A pool or collection of people’s money into a variety of different types of investments usually managed by a professional is know as a...
What is Mutual Fund?
A lease is...
What is a contract in which one party (tenant/renter) agrees to rent the property or land, usually for a set length of time?
FDIC and NCUA stand for...
What is Federal Deposit Insurance Corporation and National Credit Union Administration?
Taxes are a mandatory contribution imposed by what government entities
What is Local, State, Federal or National?
The Premium is calculated based on...(Hint: 5)
What is Age, History, Location, Car Make/Model and Pre-Existing Conditions?
Large market capitalization (aka market cap) = $10 billion-$200 billion value
Listed on a major stock exchange
History of reliable growth and dividend payments
What is Blue Chip Stocks?
If you are denied housing due to your age, gender, sexual orientation, ethnicity, etc., then you should visit...
What is Department of Fair Employment and Housing?
5 Rules of Banking
What is...
1. Do Not Overdraw Your Account
2. Keep the required minimum savings balance
3. Set up alerts for suspicious activity
4. Set up automatic payments
5. Pay Yourself first- Create an emergency fund
A record that an entity or person (not your employer) gave or paid you money
What is 1099 Form?
The 5 Types of Car Insurance.
What is Liability, Collision, Comprehensive, Personal Injury Protection (PIP), and Uninsured/Underinsured Motorist (UMC) Coverage?
The practice of spreading your investments around so that you’re not putting all of your money into one company.
What is Diversification?
What kind of housing does HUD provide?
What is...
Public Housing
Housing Choice Vouchers
Project-Based Housing