Unit 6 Investment and Credit Flashcard

Front

How often should you review your monthly home budget?

Back

Monthly

Front

What is the First Principle of Finance?

Back

Spend Less Than You Earn

Front

What is the Second Principle of Finance?

Back

Make Your Money Work For You

Front

Portions of Money taken out of a paycheck (Gross Pay) before you receive your money (Net Pay) are called _________. (Examples: Taxes, Retirement, Health Insurance, FICA)

Back

Deductions

Front

Using this Pay Stub, which value shows the total "current deductions" of the taxpayer?

Back

$315.21

Front

Debit card purchases come out of your checking account, not savings account. True or False?

Back

True

Front

_________ is the price you pay to borrow money or the cost you charge to lend money.

Back

Interest

Front

In which of the following ways can you NOT pay your taxes? Bank Account, Debit Card, Digital Wallet, Airline Miles

Back

Airline Miles

Front

Elijah is applying for an auto loan. The lender considers Elijah creditworthy MOST LIKELY because Elijah...

Back

has made on-time payments to other loans.

Front

Ricky receives a credit card offer in the mail. The offer contains a low introductory rate. Although all of these are important factors, which of these should he investigate FIRST before accepting the offer? Options: availability of special programs, such as frequent flier miles, the type of card, such as secured, regular, or premium, the APR after the introductory period expires, the cash advance and ATM features

Back

the APR after the introductory period expires