Show:
Insurance
Investing
Finance
Credit and More
Budgeting and Buying a Home
100
This type of insurance pays your bills (food, rent, gas, etc.) when you are hurt and you can't work.
What is disability insurance?
100
An investment that is a share of ownership in a corporation.
What is a stock?
100
A for-profit corporation owned by shareholders that takes deposits and makes loans and offers checking accounts.
What is a bank?
100
This includes all the records of loans you have taken out and paid back over your life.
What is your credit history?
100
Expenses that do not change from month to month (like rent, mortgage, or car payment).
What are fixed expenses?
200
This type of auto insurance covers the cost to repair your vehicle when you crash.
What is collision?
200
An investment that is a loan to a corporation or a government.
What is a bond?
200

A type of investment that tracks a group of companies like the 500 biggest companies in the US.

What is an index fund?

200
This number is used by lenders to determine how much they charge you for interest on loans.
What is your credit score?
200
It's the government organization that controls monetary policy, which means they have a large effect on how much interest people pay on their loans. 

What is the federal reserve?

300
This type of life insurance covers you for only a fixed period of time.
What is term life insurance?
300
This is an investment that pools money from many people and uses the money to buy many stocks and/or bonds.
What is a mutual fund?
300
It's when people invest in the market on a monthly basis, instead of just putting in a lump sum. 

What is dollar cost averaging?

300

Its a employee sponsored retiernment plan, where companies traditionally will match a % of your contributions.

What is a 401k? 

300
These taxes are taken out of your paycheck by the federal government and used to provide income to elderly people.
What is Social Security?
400
This is the name of the money you pay every month to have an insurance policy.
What is a premium?
400
This is a type of tax deferred retirement account that you control. You don't pay taxes on the income from it until after you retire.
What is an IRA?
400
A type of interest that grows not only on the principal but also on all accumulated interest over time.
What is compound interest?
400
This type of loan has no interest if paid back after a month. If you're stupid enough not to pay it back in a month, you pay compound interest compounded monthly.
What is a credit card loan?
400

It's what the type of rate you should look for on a mortgage.  You don't want the bank to be able to change things up over the course of the loan. 

What is a fixed rate?

500
This is the money you pay out of pocket when you need to use insurance.
What is a deductible?
500
This is an investing technique in which you spread your money around different types of investments.
What is diversification?
500
This government agency guarantees your deposits in a bank up to $250,000.
What is the FDIC?
500
Property that is used by a lender to secure a loan (the bank takes the property if you don't repay the loan).
What is collateral?
500

The process of paying off a debt or loan over time in a predeterminded installments. It shows the amount you pay each month towards the loan principal vs. interest that shifts over time! 

What is amortization?