Personal Finance Review

Front

A plan for saving and spending in order to know where all your monthly income is going.

Back

Budget

Front

Something of value used to secure a loan.

Back

Collateral

Front

The availability of money; how quickly you can convert it into cash in your hand is its _______. This is something people think about before they start investing their money.

Back

liquidity

Front

A ____ is an IOU for specified amount of time (can be from the government or companies to finance projects), during which the issuer makes regular interest payments and the investor receives regular interest payments.

Back

bond

Front

This term refers to the original amount of a loan OR the original amount of money invested.

Back

Principal

Front

This type of retirement account offered by employers to their employees allows them to set aside tax-deferred income. Sometimes employers will even match the employee contribution up to a certain amount.

Back

401(k)/ 403 (b)

Front

Because mutual funds spread your investment around in multiple stocks, bonds, and all assets they are a great example of this term

Back

diversification

Front

Why do you have to file for taxes every Spring?

Back

To figure out if you have to pay more for taxes or if you paid too much.

Front

The more allowances (numbers) you claim on your W4 the

Back

Less that will be withheld from each paycheck

Front

What form do you need to complete your taxes? Options: W4, W2, Savings and Checking Account Statements

Back

W2