Electronic plastic cards that help you make quick transactions.
What is a debit card?
100
Payroll taxes help fund this program that assists not only the elderly, but minors, disabled, or people that experience the death of a parent or spouse.
What is Social Security?
100
A financial statement that describes an individual or family's financial condition on a specific date by showing assets, liabilities, and net worth.
What is statement of financial position?
100
The take home pay you receive after deductions.
What is gross income?
100
A budget to plan for your future expenses to ensure that you will have a net gain.
What is a spending plan?
200
The highest-interest earning savings account.
What is a certificate of deposit?
200
Two types of this tax include federal and state tax.
What is income tax?
200
The monetary value of all the possessions a person or household owns.
What is wealth?
200
A product that transfers risk from an individual to an insurance company or organization.
What is insurance?
200
Expenses that must be paid for a specific amount of time because it was enforced by a contract.
What is a contractual expense?
300
A savings account with a tiered interest rate.
What is a money market deposit account?
300
Gasoline, hotel rooms, alcohol, and cigarettes can all be taxed.
What is an excise tax?
300
Lifestyle assets that are used to improve your life.
What is a tangible asset?
300
When you are earning more money than you are spending.
What is net gain?
300
A budgeting system where you use envelopes that have a specific amount of money that can help manage impulse purchases.
What is the envelope system?
400
A company that insures commercial banks.
What is the FDIC?
400
Taxes from purchased goods and services.
What is a sales tax?
400
Assets that are hoped to accumulate with value in the future.
What is an investment asset?
400
An amount of money added to wages to reward good work ethic.
What is a bonus?
400
A system where you saved money before purchasing any goods.
What is pay yourself first?
500
A violation by writing a check with insufficient funds.
What is "bouncing a check"?
500
A fee paid to license property such as a car.
What is property tax?
500
Loans you need to pay back to others.
What is liability?
500
Using written or digital systems to have a record of your finances.