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Study sets matching "money managing your"

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Study sets matching "money managing your"

12 terms
Managing your money!
budget
emergency cash fund
fixed expenses
flexible expenses
A plan for making and spending money
money saved that can cover unexpected expenses
Expenses that remain the same from month to month
expenses that change from month to month
budget
A plan for making and spending money
emergency cash fund
money saved that can cover unexpected expenses
19 terms
Banking: Managing Your Money
Checking Account
Liquid Investment
Service Charge
Identity Theft
A type of bank account that allows you to make deposits, writ…
One that can be bought, sold or converted to cash quickly.
A fee you must pay the bank for having an account.
Occurs when someone uses your personal information without yo…
Checking Account
A type of bank account that allows you to make deposits, writ…
Liquid Investment
One that can be bought, sold or converted to cash quickly.
12 terms
Managing Your Money
paycheck
paycheck stub
gross pay
deduction
a check from your employer for the money earned from a job
A form attached to a paycheck that lists important information.
The total amount of money an employee earns
Money taken out of a paycheck
paycheck
a check from your employer for the money earned from a job
paycheck stub
A form attached to a paycheck that lists important information.
managing your money unit
Asset
expense
income
invsetment asset
items of monetary value a person or household owns
money spent
money recieved
financial assets purchased with the hope that they will gener…
Asset
items of monetary value a person or household owns
expense
money spent
5 terms
2. Managing Your Money
Commercial Bank
"Bouncing" a Check
Benefits of E-Banking
Benefits of a Checking Account
The most common type of depository institution
When an individual writes a check for more money than is in t…
24 hour access, fast, no paper, world-wide access, convenient
Reduces the need to carry large amounts of cash, written reco…
Commercial Bank
The most common type of depository institution
"Bouncing" a Check
When an individual writes a check for more money than is in t…
15 terms
managing your money vocab
check
checking account
ATM
void
a written order a person fills out that directs a bank to pay…
an account at a bank that allows a person to deposit and with…
stands for automated teller machine
useless; invalid
check
a written order a person fills out that directs a bank to pay…
checking account
an account at a bank that allows a person to deposit and with…
20 terms
Managing Your Money
Income
gross pay
net pay
withhold
amount of money that you receive or earn regularly
total pay earned
amount of money taken home after taxes & deductions
money taken out of your paycheck
Income
amount of money that you receive or earn regularly
gross pay
total pay earned
25 terms
Managing Your Money
personal budget
income
spending
saving
a finance plan that allocates future personal income towards…
Earnings from work or investment
Using your income for the purchase of goods and services
Setting aside of income for future use
personal budget
a finance plan that allocates future personal income towards…
income
Earnings from work or investment
42 terms
Managing Your Money
Commercial Banks
Credit unions
Savings Tools
FDIC
For-profit businesses that offer financial services to both c…
Owned by their customers. Membership qualifications. Non-prof…
Depository institutions offer services that allow you to use…
Federal government agency that insures institutions against l…
Commercial Banks
For-profit businesses that offer financial services to both c…
Credit unions
Owned by their customers. Membership qualifications. Non-prof…
8 terms
Managing your money
Financial planning
Budget
Financial advisor
Debt management
A process for ensuring that financial goals are met
A financial plan of future income and spending
A professional offering financial advise
Taking the help of an expert to solve a debt problem
Financial planning
A process for ensuring that financial goals are met
Budget
A financial plan of future income and spending
11 terms
Managing Your Money
Asset
Expense
Income
Investment Asset
Items of monetary value a person or household owns.
Money spent
Money received
Financial asset purchased with the hope that they will genera…
Asset
Items of monetary value a person or household owns.
Expense
Money spent
11 terms
Managing your money
asset
expense
income
investment assest
items of monetary value a person or household owns
money spent
money recieved
assets purchased with the hope of generating income or that t…
asset
items of monetary value a person or household owns
expense
money spent
13 terms
Managing your money
Paycheck
Paycheck stub
Gross pay
Deduction
A check for the money earned from a job
A piece of paper attached to a paycheck it lists important in…
The total amount of money an employee earns
Money taken out of a paycheck fot taxes, insurance, savings,…
Paycheck
A check for the money earned from a job
Paycheck stub
A piece of paper attached to a paycheck it lists important in…
11 terms
Managing Your Money Unit
Asset
Expense
Income
Investment Asset
Items of monetary value a person or household owns.
Money spent.
Money received.
Financial assets purchased with the hope that they will gener…
Asset
Items of monetary value a person or household owns.
Expense
Money spent.
6. Managing Your Money
ASSETS
LIABILITIES
PAYMENT HISTORY
AMOUNTS OWED
real money or an investment you can convert to hard dollars t…
outstanding loans and debts
35% of credit score is based on ________
30% of credit score is based on ________
ASSETS
real money or an investment you can convert to hard dollars t…
LIABILITIES
outstanding loans and debts
16 terms
Managing your money
Intrest
FDIC
Savings account
Certificate of deposit
Its usually expressed as an annual percentage rate
Insures deposits up to 100,000
Almost risk free and has the advantage of liquidity
May range from a few months to as long as 10 years
Intrest
Its usually expressed as an annual percentage rate
FDIC
Insures deposits up to 100,000
11 terms
Wighton_Managing your Money
Budget
Capacity
Capital
Character
A plan for making and spending money
An ability; potential
An economic system based on private property and free enterpr…
A person's honesty and willingness to pay off a debt.
Budget
A plan for making and spending money
Capacity
An ability; potential
11 terms
Managing your money
asset
Expense
Income
Investment Asset
items of monetary value a person or household owns
Money spent
Money recieved
Financial assets purchased with the hope that they will gener…
asset
items of monetary value a person or household owns
Expense
Money spent
15 terms
managing your money
Checks
debit cards
interest
percentage
a statement written by a payer that allows a bank to pay a de…
a card issued by a bank allowing the holder to transfer money…
money paid regularly at a particular rate for the use of mone…
a portion of a amount of money
Checks
a statement written by a payer that allows a bank to pay a de…
debit cards
a card issued by a bank allowing the holder to transfer money…
25 terms
Managing your money
a business that offers and sells finan…
the most common type of depository ins…
money put into a account
money taken out of an account
depository institution
commercial bank
deposit
withdrawal
a business that offers and sells finan…
depository institution
the most common type of depository ins…
commercial bank
29 terms
Managing Your Money
Commercial banks are 'for profits' and…
Depository institution have insurance…
He could safely choose a commercial ba…
Shop around for the depository institu…
A key difference between commercial banks and credit unions i…
Since Taylor was a young child, she has kept her savings in a…
Sanjay is concerned about the safety of the money in his savi…
Ariel is saving money to purchase a new computer before she l…
Commercial banks are 'for profits' and…
A key difference between commercial banks and credit unions i…
Depository institution have insurance…
Since Taylor was a young child, she has kept her savings in a…
9 terms
Managing your Money
Income
Money management
budget
fixed expenses
money you earn
planning and controlling the use of money
plan for spending
regular expenses that cannot be avoided
Income
money you earn
Money management
planning and controlling the use of money
44 terms
Principles of managing your money
Automated teller machine (ATM)
Checking account
commercial bank
Contactless payment
A machine that allows individual to complete certain transact…
An account that allows quick access to funds for transactions
For -profit depository businesses that offer financial servic…
Payment transactions that can be completed with no physical c…
Automated teller machine (ATM)
A machine that allows individual to complete certain transact…
Checking account
An account that allows quick access to funds for transactions
25 terms
Managing Your Money Test
What is a FICO Score?
FICO stands for
FICO is an
The FICO score is based on the followi…
A measure on how your have interacted with debt.
"Fair Isaac Corporation" who developed the rating system.
"I LOVE debt score."
1. Debt history... 2. Debt levels... 3. Duration of the Debt... 4. Typ…
What is a FICO Score?
A measure on how your have interacted with debt.
FICO stands for
"Fair Isaac Corporation" who developed the rating system.
13 terms
Managing your money
How good or bad are you at managing yo…
Do you spend more than you earn?
What are your short term financial goa…
Do you rent or do you own a house?
Do you have a savings account?
If you can't afford to buy something that you want or need, w…
What are your long term financial goals?
Do you want to buy a house in the future?
How good or bad are you at managing yo…
Do you have a savings account?
Do you spend more than you earn?
If you can't afford to buy something that you want or need, w…
29 terms
Managing Your Money
A key difference between commercial ba…
Since Taylor was a young child she has…
3. Sanjay is concerned about the safet…
4. Ariel is saving money to purchase a…
...
...
...
...
A key difference between commercial ba…
...
Since Taylor was a young child she has…
...
29 terms
managing your money
A key difference between commercial ba…
Since Taylor was a young child she has…
Sanjay is concerned about the safety o…
Ariel is saving money to purchase a ne…
Commercial banks are 'for‐profit' and credit unions are 'not‐…
Depository institutions have insurance protection. Depositors…
He could safely choose either a commercial bank or a credit u…
Shop around for the depository institution with the highest i…
A key difference between commercial ba…
Commercial banks are 'for‐profit' and credit unions are 'not‐…
Since Taylor was a young child she has…
Depository institutions have insurance protection. Depositors…
7 terms
Managing Your Money
Asset
Income
Liability
Investment Asset
Items of monetary value a person or household owns.
Money Recieved
A debt or obligation owed to others.
Financial assets purchased with the hope that they will gener…
Asset
Items of monetary value a person or household owns.
Income
Money Recieved
11 terms
Managing Your Money
Asset
Expense
Income
investment Asset
Items of monetary value a person or household owns
Money spent
Money received
Financial assets purchased with the hope that they will gener…
Asset
Items of monetary value a person or household owns
Expense
Money spent
11 terms
Managing Your Money
Asset
Expense
Income
Investment Asset
Items of monetary value a person or household owns.
Money spent
Money recieved
Financial assets purchased with the hope that they will gener…
Asset
Items of monetary value a person or household owns.
Expense
Money spent
12 terms
Managing Your Money
Distinguish Needs From Wants
Budjet
Prepare
Organize
- How much disposable income do you have?... - Postpone a purcha…
A formal plan that accounts for and plans for money coming in…
- Track the Money Coming In and Going Out... - Look at your take…
- Prepare a budget ... - Figure out how much money is coming in…
Distinguish Needs From Wants
- How much disposable income do you have?... - Postpone a purcha…
Budjet
A formal plan that accounts for and plans for money coming in…
11 terms
Managing Your Money
Asset
Expense
Income
Investment Asset
Items of monetary value a person or household owns
Money spent
Money recieved
Financial assets purchased with the hope that they will gener…
Asset
Items of monetary value a person or household owns
Expense
Money spent
Managing Your Money
Asset
Expense
Income
Investment Asset
Items of monetary value a person or household owns.
Money spent
Money received
Financial assets purchased with the hope that they will gener…
Asset
Items of monetary value a person or household owns.
Expense
Money spent
18 terms
Managing Your Money Vocab
Regular Saving Accounts
Certificates of Deposit (CD's)
Money Market Accounts
U.S Savings Bonds
It requires you to put money away each month. Their is a limi…
Is a savings alternative, or option, in which money is left o…
A savings account that requires a minimum balance and earns i…
Debt securities issued by the U.S. Department of Treasury to…
Regular Saving Accounts
It requires you to put money away each month. Their is a limi…
Certificates of Deposit (CD's)
Is a savings alternative, or option, in which money is left o…
48 terms
managing your money
hourly wage
salary
fringe benefits
gross income
amount paid for each hour worked
amount of money paid for a certain period of time
insurance, paid vacation time, healthcare
what your earn
hourly wage
amount paid for each hour worked
salary
amount of money paid for a certain period of time
11 terms
Managing your money
Asset
Expense
Income
Investment Asset
Items of monetary value a person or household owns
Money spent
Money received
Financial assets purchased with the hope that they will gener…
Asset
Items of monetary value a person or household owns
Expense
Money spent
11 terms
Managing your Money
Asset
Expense
Income
Investment Asset
Items of monetary value a person or household owns
Money spent
Money received
Financial assets purchased with the hope that they will gener…
Asset
Items of monetary value a person or household owns
Expense
Money spent
18 terms
Banking: managing your money
Checking account
Liquid investment
Service charge
Identity theft
A type of bank account that allows you to make deposits, writ…
Can be bought, sold, or converted to cash quickly.
A fee you must pay the bank for having an account.
Someone uses your personal information without your permission.
Checking account
A type of bank account that allows you to make deposits, writ…
Liquid investment
Can be bought, sold, or converted to cash quickly.
12 terms
Managing Your Money
paycheck
paycheck stub
gross pay
deduction
a check from your employer for the money earned from a job
a form attached to a paycheck that lists important information
the total amount of money an employee earns
money taken out of a paycheck
paycheck
a check from your employer for the money earned from a job
paycheck stub
a form attached to a paycheck that lists important information
43 terms
Managing your money
Expense
Gross income
Income
Income and expense statement
Money spent
An individual's income earned as salary or wages before taxes…
Money received,
List and summarize income and expenses transactions that have…
Expense
Money spent
Gross income
An individual's income earned as salary or wages before taxes…
48 terms
Managing your money
money management
liquidity
overdraft protection
stop payment
a series of decisions made over a short term period regarding…
your ability to cover any cash deficiencies that you may expi…
an arrangement that protects a customer who writes a check fo…
a financial institutions notice that it will not honor a chec…
money management
a series of decisions made over a short term period regarding…
liquidity
your ability to cover any cash deficiencies that you may expi…
24 terms
Managing your money
Assset
Common fees charged by depository inst…
Compare and contrast banks and credit…
Payroll tax
Anything that you own that's worth money/value ... ex: car, hous…
Overdraft fees, ATM fees, minimum balance fee
Commercial bank for profit, credit union not for profit- owne…
A tax on earned income that supports the Social Security and…
Assset
Anything that you own that's worth money/value ... ex: car, hous…
Common fees charged by depository inst…
Overdraft fees, ATM fees, minimum balance fee
17 terms
managing your money
Minimum wage
hourly wage
salary
commission
set by the government and is the lowest amount per hour that…
paid by the hour
a set amount of money that is paid for all the work that goes…
wages paid when a job is done or a service is provided. often…
Minimum wage
set by the government and is the lowest amount per hour that…
hourly wage
paid by the hour
12 terms
Randy_Managing your money
Budget
Capacity
Capital
Character
a plan for saving and spending your money
your ability to repay a loan
refers to any assets you might own, or money that you have in…
refers to your reputation
Budget
a plan for saving and spending your money
Capacity
your ability to repay a loan
21 terms
Managing your money vocabulary
Budget
Fixed expense
Flexible expense
Savings account
An estimate of money to spend set for a period of time
Costs that don't fluctuate
Easily changed,reduced, or eliminated
Bank account that earns interest
Budget
An estimate of money to spend set for a period of time
Fixed expense
Costs that don't fluctuate
15 terms
managing your money
consumer
disposable income
discretionary income
consumerism
A person who buys goods and services
income (after taxes) that is available to you for saving or s…
money income left after necessities have been bought and paid…
a movement advocating greater protection of the interests of…
consumer
A person who buys goods and services
disposable income
income (after taxes) that is available to you for saving or s…
17 terms
Banking:Managing your Money
Checking Account
Liquid
Service Charge
Check Register
Type of bank account that allows you to make deposits, write…
Investment is one that can bought sold or converted to cash q…
Fee you must pay the bank for having an account
record of your checking account transactions
Checking Account
Type of bank account that allows you to make deposits, write…
Liquid
Investment is one that can bought sold or converted to cash q…
12 terms
Managing Your Money
Budget
Capacity
Capital
Character
How much money you can afford to spend without facing financi…
How much a business can increase and expand its capacity and…
Financial assets worth value within a business
Honesty or integrity someone has in order to pay bills
Budget
How much money you can afford to spend without facing financi…
Capacity
How much a business can increase and expand its capacity and…
25 terms
Managing Your Money
Credit
Consumer credit
Creditor
Closed-end credit
Arrangement to receive cash, goods, or services now and pay f…
Use of credit for personal needs
Entity that lends money
Credit as a one-time loan that you pay back over a specified…
Credit
Arrangement to receive cash, goods, or services now and pay f…
Consumer credit
Use of credit for personal needs
19 terms
Banking: Managing Your Money
Checking Account
Liquid Investment
Service Charge
Identity Theft
A type of bank account that allows you to make deposits, writ…
One that can be bought, sold or converted to cash quickly.
A fee you must pay the bank for having an account.
Occurs when someone uses your personal information without yo…
Checking Account
A type of bank account that allows you to make deposits, writ…
Liquid Investment
One that can be bought, sold or converted to cash quickly.
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