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Taxes and Inflation
Credit
Rainy Day
Personal Budget
Cost of College/Banks
100

A tax on wages or salary (amount earned) paid to both state and federal governments.

What is income tax?

100

Borrowing or buying with an agreement to pay later.

What is Credit

100

An emergency fund to pay for unexpected expenses such as illness or car repairs.

What is Saving for a rainy day

100

A personal budget should account for these two line items.

What is revenue and expenses?

100

Most loan company's require the loans to start being paid back how long after you graduate?

What is 6 months

200

A compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.

What is a Tax

200
This interest rate, which factors in borrowing fees, must be divulged by lenders so that you may more easily compare rates.
What is an annual percentage rate (APR)?
200

Rainy day funds are part of creating a _______ ______ ______

What is a good savings plan

200
This is the income received prior to taxes and deductions.
What is gross pay?
200

Who owns banks? 

Owned by investors and are for-profit businesses.

300

A tax paid to a governing body for the sales of certain goods and services.

What is a Sales Tax
300
A record (accompanied by a rating) of a consumer's ability to repay debts and demonstrated responsibility in repaying debts.
What is credit history (or credit report)?
300

What are some options for storing rainy day funds? 

What is Savings Account Certificate of Deposit, Money Market Account, Retirement Account, Mutual Funds, Stocks, bonds are other options as well.

300
This is income after taxes and deductions.
What is net pay?
300

What are the three types of financial institutions?

What are Banks, Credit Unions, and Thrift Banks.

400

A tax that is paid on your home.

What is a property tax?

400

•The maximum amount of money that can be charged to a given credit card account at any given time. It’s important to know what your credit line is so that you don’t spend beyond that amount.

What is Credit Line

400

What are some other options for keeping a rainy day fund?

What is What is Savings Account Certificate of Deposit, Money Market Account, Retirement Account, Mutual Funds, Stocks, bonds are other options as well.

400
These types of expenses remain unchanged from period to period. Examples include mortgage or rent, insurance, and, often, utilities.
What are fixed expenses?
400

What is a credit union? 

Not-for-profit and member-owned.

500

The overall increase in prices of goods and services over time.

What is inflation.

500
In general, the longer the term of the loan, the higher this is.
What is the interest rate?
500

Why is having a rainy day fund important?

Just in case

500
These types of expenses fluctuate or change from period to period. Examples include personal entertainment or travel costs, and other discretionary items.
What are variable expenses?
500

What is a Thrift Bank? 

Specialize in home loans and serving small businesses within the community.