Where do you live
This allows you limited responsibility of where you reside.
This protects individual from risk
What is Insurance?
This type of interest increase my chances to have more money in the future.
What is compounding interest?
This allows you to be aware and manager your income.
What is a budget?
Only a __________ can provide you with insurance coverage
Licensed Insurance Agent
John's plumbing is leaking. At glance, it looks like John will need to replace his plumbing system. John is likely to be a _________.
What is a homeowner?
______ is required to be paid first before the ______ will make payment
This provides a portion of ownership of a company.
What is Stock?
Keeping all your money in a traditional bank acct will help you prepare for retirement.
What is false?
Real Estate Investor
Amy benefits from the appreciation of the place where she resides. Amy is a ________.
What is a Homeowner?
This is also known as the bill you pay for your insurance.
What is premium?
To invest in multiple companies at one time is called a _____.
What is a Mutual Fund?
Investing in stocks helps you to keep up with inflation
What is True
______ are a part of Mandatory Spending.
Social Security and Medicare
This cost can increase every year.
This is often paid when you go to your doctor's office
What is Co-pay?
You should increase your saving by ____% to help keep up with inflation.
What is 3%?
My monthly savings should be a part of my monthly budget
What is True?
_________ is an example of a service that is provided under Discretionary Spending.
What is Education?
This type of loan allows you to purchase property.
What is a mortgage?
Two types of life insurance are _____ and _____.
Mike is looking for a conservative investment option that allows him to invest in multiple companies at one time.
This ______ allows someone to invest in stocks and bonds of multiple companies.
Balanced Funds
Loan payment are made up of _______ and ______. ______ is paid first. Extra payments are applied to the ______.
What is Interest and Principal? What is Interest? What is Principal