Saving
What is the first of the five foundations?
Save a $500 emergency fund
Given to borrowers based on their financial resources or ability to repay a loan
Unsecure Loan
An umbrella over your life id referred to as..
Insurance
A program that allows students to work part time while continuing their studies.
Work study
A blueprint for building wealth.
Budget
What is a consumer?
A person or organization that uses a product or service.
Requires collateral, such as a home, car, jewelry, or other assets, to secure the loan
A secured loan
Covers medicals costs and property damage of the other driver if you get in a wreck and it is your fault.
Liability
A form of federal or state financial aid that does not need to be repaid.
A grant
The amount of money you make in a month after taxes.
Monthly income
All of the decisions and activities of an individual or a family regarding their money.
Personal Finance
A car lease is an example of a long term___.
rental agreement
Covers damage to your car if it is hit by another car or object.
Collision insurance
Free application for federal student aid.
FAFSA?
Income that fluctuates from month to month.
Regular income
The granting of a loan and the creation of debt.
credit
A mortgage with an interest rate that changes based on market conditions
ARM (adjustable-rate mortgage)
An employee benefit plan maintained by an employer or by an organization that provides medical care for participants and their dependence.
Group health plan
Free money strictly toward tuition.
Scholarship?
Online banking on your cell phone or smart phone
Mobile banking
What is an economy?
A system by which goods and services are produced and distributed.
When a home owner borrows against the equity in their home and obtains monthly, tax free payments from the lender.
Reverse mortgage
Tax sheltered savings account for medical expenses that works with a high deductible insurance policy.
Health savings account
Given money that you have to give back.
Loan
What is the acronym for automatic teller machine
What is an ATM