Chapter 14 Managing you money

The amount of money you receive or earn regularly.

• scholarship

• Debt

• Income

• gross pay

A plan for saving and spending money. It is based on your income and expenses.

• Net pay

• Medicare

• Budget

• Gross Pay

F.I.C.A. stands for

• Federal Insurance Contributions Act

• Federal Independent Contributions Act

• Fraud Insurance Contributions Act

• Federal Insurance Conservation Act

______________ are expenses youhave already agreed to pay that must be paid by a particular date.o

• Flexible expenses

• Fixed expenses

• Flexible revenue

• Fixed revenue

______________________ are expenses that come irregularly or that you can adjust more easily.

• family expenses

• flexible expenses

• friendly expenses

• fixed expenses

___________ is money borrowed from the federal government or a lender that must be repaid.

• loan

• scholarship

• grant

• work study

The money you bring home after deductions also known as take home pay.

• gross pay

• withhold

• income tax

• net pay

________________the money that you borrow and you have to pay it back.

• income tax

• debt

• scholarship

• grant

______________________ is a number between 280-850 depending on the credit bureau.  It is meant to show your credit worthy.  The higher the score, the more likely for you to have financial benefits.

• debit score

• credit score

• credit card

• debit card

___________________is a term that cover managing your money as well as saving and investing.

• career development

• keystone

• banking

• Personal Finance