Money Management
A plan for spending and saving money.
What is a budget?
Money awarded based on financial need, are given out by the federal government, state government and colleges and do not need to be paid back.
What is a grant?
A legal written agreement between tenant and landlord stating rules for renting.
What is a lease ?
A form that one completes including name, work history, education, social security number, references.
What is a job application?
The latest government program that educates consumers about how to plan a healthy meal.
What is My Plate?
A form completed when you start a job so your employer can withhold the correct amount of federal income tax.
What is a W-4 form?
Money that must be repaid, usually with interest, most are government sponsored.
What is a loan?
Money deposited with a landlord to cover costs of damages to a rental unit or unpaid rent when a renter moves.
What is a security deposit?
Federal taxes, state taxes, FICA, social security.
What are paycheck or payroll deductions?
Best stitch to fix a hem right before that important interview.
What is a whip stitch?
A card that can withdraw a purchase amount directly from a checking account without separate billing, usually done immediately.
What is a debit card?
FAFSA
What is the Free Application for Federal Student Aid?
Failure to pay rent can result in ____________.
What is eviction?
Usually consists of the same kind of information on a job application but written in a more personal, formal and concise fashion.
What is a resume?
What is the average mile per gallon for all vehicles in the United States?
23-24 miles per gallon
The amount of money you take home after paycheck deductions.
What is net income?
A financial "gift" given by an organization based on merit, need, or talents.
What is a scholarship?
The percentage of income that should be budgeted for housing.
What is 25-30%?
A tax form prepared by an employer and given to an employee to be filed with his/her 1040 form, lists wages earned during that year, federal and state taxes withheld and social security tax information.
What is a W-2 form?
A practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
What is insurance?
What percentage of your paycheck should you put in savings?
What is 10%?
A personal piece of writing that you submit to a college for review.
What is an admissions essay?
A loan that a bank gives you to help finance the purchase of a house.
What is a mortgage?
The first thing you should do in a job interview.
What is shake hands?
What is the average amount a family budgets to go towards food expenses?
What is 15-20%?