Sources of Income for Financing a College Education
Student Loans
A visible method used to keep track of cash flow using checks and having access to cash at anytime through an ATM.
Checking Accounts Register
A budget that is simply a plan for coordinating income and expenses in a way that ensures you're left with sufficient money to cover your expenses.
Personal Budget
the amount of money, or capital, invested along with
any money paid in taxes and fees to professionals
Cost
A check written for a greater amount of money than the amount contained in a personal checking account, often requires a charge.
Bounced Check
Funding awarded to students before or during college based on academic performance, achievement or financial needs.
Scholarships
A tool for getting money loaned to you by the company issuing the card, which must be paid back to the company on a monthly basis.
Credit Cards
1. Basic needs or essential necessities
2. Incidentals or extras
3. Emergency Expenses
Personal Expenses
Someone who helps an investor buy or sell an
investment
Broker
failure to meet a financial obligation
default
Considered a gift, because they do not have to be repaid; depends on family contribution, cost of college, and enrollment status.
Grant
Annual Percentage Rate (APR)
these are "fixed" expenses because you can't live without them.
Basic Needs or Essential Necessities
The possibility for an investment to lose value
Risk
a loan with an interest rate that remains the same for the entire term of the loan
fixed interest rate
If you are currently a veteran you may be eligible for GI Bill benefits.
Given a short term loan for one month and you must pay your bill in full by the end of the month; you can not carry over any debit from one month to the next is called?
Charge Card
Flexible expenses that are optional.
Incidentals or Extras
the contribution of money into a no-risk account to
meet future financial needs
Saving
an interest rate on a loan that can vary over the term of the loan
variable interest rate
Tuition reimbursement offered by employer or company
Employer Tuition Reimbursement Program
Type of card where money is immediately taken out of your checking account?
Unforseen or unexpected expenses
Emergency Expenses or Rainy Day Expenses
something you purchase with money to receive a
future reward or payment
Investment
amount of revenue gained that exceeds the amount invested or paid.
yield