| Income and expenditures | Checks | Debit/credit cards | Investments | Insurance |
|---|---|---|---|---|
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What is the total amount of money made before deductions
What is gross income?
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What is it allows easy access to money and stores all your money.
What is a checking account?
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What is a low APR because you pay less for borrowing the money.
Would a low or high annual percentage rate be better for a person looking into getting a credit card? Why?
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What is a loan to government or a business/company for a certain amount of time where you earn interest
What is a bond?
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What is insurance
An arrangement between an individual and an insurer to protect against risk is…
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What is net income is the amount of money left over after deductions and actually shows up in the bank account.
How is net income different from gross income?
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What is a check
A piece of paper that allows a receiver to get money from a payer by turning the piece of paper into the bank is...
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What is Student loan, car loan, and mortgage loan
What are some types of credit?
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What is it is risky because the prices and outcomes fluctuate a lot and nothing is predictable.
Is buying a stock risky?
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What is it is a percentage of your total medical bill paid when you go to the doctor’s office.
What is co-pay?
|
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What is retirement payments, life insurance, and social security
What are some pre-tax deductions?
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What is debit is when money is taken from an account, while credit is when money is put into an account.
How is debit different from credit?
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What is you can pay back in a timely manner, don’t check your credit score often, and don’t move too much.
How do you establish good credit?
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What is you aren’t putting all your money into a stock or bond because you share with other investors.
A mutual fund is not risky because…
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What is it is a contract specifying what the insurance covers so you know how much to pay.
Why is a policy important?
|
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What is they save to have money for emergencies or big payments in the future.
Why do people save?
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What is a slip filled with an amount of money to deposit money into a bank account.
A deposit slip is…
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What is 750-800
What is a good credit score?
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What is because it is in a bank
Why is a savings account not risky?
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What is a premium is the fee paid to the insurer to operate the business while a deductible is fee paid out of pocket before insurance takes over.
What is the difference between a deductible and a premium?
|
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What is it is required because people have safety when they get into accidents and they don’t have to pay full price.
Why is car insurance required in North Carolina?
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What is it is useful because it keeps track of the money you spent.
Why is a check register useful?
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What is you don’t have to carry cash, it is safe because of a pin, and it helps with budgeting.
What are some pros of a debit card?
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What is the FDIC- federal deposit insurance corporation
Who insures a certificate of deposit?
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What is the money is covered whenever someone dies instead of having a family member deal with it.
Why should you have life insurance?
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