It Won't Budge-it | Banks A Million | Give Me Some Credit | Save And Grow | Can You Dig It? |
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What is the Gross?
The amount you earn before taxes and withholding.
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What is the Federal Deposit Insurance Corporation (FDIC)?
Federal government agency the insures bank deposits up to $250,000
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What is the finance charge?
The amount you pay to borrow money.
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What is a bond?
A debt investment (or loan) that pays interest over a specific period of time.
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What is Willpower or Self-control?
What you use that keeps you from buying something you don't need with money you don't have.
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What is a need or necessity?
Something you must have to survive.
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What is interest?
The charge you pay for the use of borrowed money.
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What is a down payment?
The amount a lender may require you to pay in cash in order to qualify for a loan.
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What is diversification?
An investment strategy of spreading your principal around over different strategies to reduce risk.
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What is Dignity?
The principal that you live your life by to have the best outcome.
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What are Fixed Expenses?
Expenses that are the same every month, quarter or year.
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What is a check register?
A record of deposits and withdrawals in your checking account so you always know how much money you have.
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What is a credit history or credit report?
A detailed record of all the ways you have used credit in the past.
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What is Return?
What you get back on an investment measured by either increase or decrease of value.
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What is charity?
Giving a portion of your money away to help other people.
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What is the Net?
The amount you receive in your pay check after deductions for taxes and other withholdings.
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What is an overdraft?
Authorizing the payment or transfer of more money than is in your checking account.
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What is the minimum payment?
The smallest amount you may pay on a credit card debt and still remain in good standing.
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What is Stock?
What you buy from a company that makes you a part owner and gives you voting privileges.
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What is insurance?
What you buy to protect yourself from a devastating loss.
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What is a Budget?
A written plan for managing your expenses to avoid debt.
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What is principal?
The amount you save, withdraw or borrow. What the interest percentage you owe or earn is calculated on.
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What is an unsecured loan?
A loan for which the borrower does not provide collateral.
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What is investing?
What people do with money in order to gain a greater return than they may get from just saving.
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What is Freedom?
What you have when your financial affairs are in order and you can do or have most anything you want.
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