budgeting
a written cash flow plan
the five steps to financial success
What is the five foundations?
to buy an item with credit; paying over time
What is financing?
Describes the type of coverage in an insurance agreement
What is a policy?
A person who is picky about budgeting and details.
What is a nerd?
The act of matching your bank statement with your checkbook
What is reconciling?
Interest paid on interest
What is compound interest?
buyer beware
What is caveat emptor?
Amount you pay monthly, quarterly, semiannually or annually to purchase different types of insurance
What is a premium?
The quality or state of being responsible, liable or answerable.
What is accountability?
What is a cash flow statement?
Saving money over time for a large purchase
what is a sinking fund?
feeling regret or concern after making a large purchase
What is buyer's remorse?
Amount you must pay before you begin receiving any benefits from your insurance company
What is a deductible?
A person who thinks that everything will work out fine and typically hates to deal with the details.
What is a free spirit?
A copy of each check you write?
what is a carbon check?
a savings account that is set aside to be used only for emergency expenses
What is an emergency fund?
the process of communicating the value of a product or service to customers
What is marketing?
The state or quality of being obligated according to law or equity
What is liability?
A person's priorities, beliefs and standards that affect how he or she views the world.
What is a value system?
an item that is brought without previous planning or consideration of the long term effects
What is impulse purchase?
an account that generates interest income on the available balance in the account
What is an interest bearing account?
Refers to the financial opportunity that is given up because you choose to do something else with your money
What is an opportunity cost?
The time between the disabling event and the beginning of payments in your disability coverage
What is the elimination period?
A situation in which a person is lacking time, which leads to stress.
What is time poverty?