What's your interest?
Earned money on your initial investment.
What is interest?
A licensed financial institution used to house your money.
What is a bank?
The S in Smart Goal.
What is sensible?
A plan for how income will be spent and saved.
What is a budget?
This is the total amount of income you make before deductions.
What is Gross?
This type of account normally has the lowest return on your money
What is a checking account?
A not for profit financial institution owned and controlled by the people who use it's services.
What is a credit union?
This word means it is specific and can be defined.
What is Measurable?
Rule of thumb says you should put aside this much of your income for savings.
What is 10%?
This is what you bring home after deductions.
What is Net?
This type of account has a better return on your money than a checking account, but does not yield a huge return.
What is a savings account?
This organization protects the money you put in the bank.
What is the FDIC?
I will go to Mars tomorrow, is not this part of a smart goal.
What is Achievable?
These things come first in my budget.
What are needs?
You find your deductions on this.
What is your pay stub?
This is known as the annual return on your investment.
What is the APY or Annual Percentage Yield?
FDIC stands for this.
What is Federal Deposit Insurance Corporation?
I want to save for college and I buy a Maserati with my savings.
What is not relevant?
I make 1200/month, after all of my bills are paid and I put money into my savings, then I can buy this.
What is my wants?
FICA is an example of this.
What is a deduction?
This is the best return on your investment. Otherwise known as building interest on interest.
What is compound interest?
This institution gives you back money yearly based on the services you have with their company. This is independent from interest earned on your account and is called this>
What is a credit union and dividens?
The acronym SMART stands for this.
What is Smart, Measurable, Achievable, Realistic, Timely?
If you make $54000/year, this is what you should be saving, which is this percent.
What is $5400, 10 percent
These are two deductions you may see on your pay check and they stand for if it's an acronym<
What is FICA Federal Insurance Contributions Act
Social Security, Medicare, Medical, Flex, 401K ?