budget vocab

Protection that is purchased “just in case”

• insurance

• premium

• copay

• deductible

_____________ is the amount that you pay to have insurance plan

___________ is An increase in price to help the seller profit and cover costs

The amount that a worker is paid after deductions are taken out

• withheld

• simple interest

• net pay

• gross pay

____________ is an estimate of income and expenses for a period of time

Credit -- This score tells a lender how reliable you will be with ________ ________ ________

Money that is passed along to the government

• whole sale

• principal

• rebate

• tax

Down Payment -- Money that is paid __________for a large purchase that’s being financed

Mortgage -- A loan that is used to purchase a ________

An account that is used to save for retirement

• IRA

• IRS

• credit

• social security