budget vocab

Protection that is purchased “just in case”

• insurance

• premium

• copay

• deductible

Tags

CCSS.RI.11-12.4

CCSS.RI.3.10

CCSS.RI.6.4

CCSS.RI.8.4

CCSS.RI.9-10.4

_____________ is the amount that you pay to have insurance plan

Tags

CCSS.L.11-12.4C

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

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

Tags

CCSS.RI.11-12.4

CCSS.RI.5.10

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

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

Tags

CCSS.L.11-12.4C

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

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

Tags

CCSS.RI.11-12.4

CCSS.RI.3.10

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Money that is passed along to the government

• whole sale

• principal

• rebate

• tax

Tags

CCSS.RI.11-12.4

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.8.4

CCSS.RI.9-10.4

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

Tags

CCSS.RI.4.10

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

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

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.9-10.4

An account that is used to save for retirement

• IRA

• IRS

• credit

• social security