A(n) ________ is anything you own that has value.

________ means having the knowledge and skills to manage your personal finances.

________ relates to all of the different money decisions you make each day.

Taxes and withholdings impact your ________, which is the amount of money you take home in your paycheck.

A __________ is the same from month to month.

The cost of your gas and groceries is considered a ___________.

To budget with a(n) ____________, prioritize expenses from the most to least important so your most important expenses are covered first.

What's the first priority under "expenses" when creating your monthly budget?

What's it called when you make money on the percentage of the total sales you make?

________ is when someone else uses your personal information to commit fraud.

12. Student loans you take out to pay for college are almost impossible to ________.

A ________ is the first thing you need to have so you can develop power over purchase.

In order to qualify for student aid, a student and their parent(s) must complete the ________ every year the student is in college.

A(n) ________ is when you receive financial aid that is based on your achievements.

________ typically have lower interest rates than those offered by private lenders.

A(n) ________ is financial aid that's based on a student's financial need and usually doesn't need to be paid back.

A great alternative to a four-year college, and one that could save you a bunch of money, would be to go to a two-year ________.

Most jobs will want a copy of your ________ before interviewing you.

20. ____________ are personality traits that either come naturally to you or are developed over time.

__________ insurance protects you from paying for damages to your car in a collision.

__________ insurance covers loss to your personal items, but not the building.

You can save money on life insurance by getting a(n) __________ policy.

The money you pay each month for health insurance is your __________.

Each year, taxpayers submit a(n) __________ to the IRS with the goal of getting as close to zero as possible.

Your __________ is the amount you have to pay before insurance pays.

The purpose of __________ is to transfer financial risk.

The 12-month period used for reporting financial activity is known as a(n) __________.

The taxes you pay for snacks and other items at a gas station are an example of __________.

April 15th of every year is the usual deadline to file your taxes. It is also called __________.

An apartment lease is a ________ for a set period of time.

The S&P 500 is one example of a(n) ______.

The total amount still owed on a house is the ______.

______ is the difference between what a house is worth and what is still owed on it.

______ refers to the average amount needed for housing, food, clothes, and other goods and services.

Preparing a will is just one aspect of effective ______.

A(n) _____ is a payout of net profits from a company to shareholders.

______ means you pay someone else each month for a place to live.

Cash in the bank savings account is a good example of a(n) ________.

An extended time of falling stock values is ______.

Which of the following is NOT an example of a predatory lender?

When you compare your spending records with records from the bank, you are ________ your account.

Using a(n) ________ is one way you can track your spending, deposits, and transfers.

Which bank service would typically offer the highest interest rate?

Setting up is the best way to make sure your paycheck makes it to your bank account safely.

What is the First Foundation?

A money principle to keep in mind is to live on ________ than you make.

If your assets total more than your liabilities, you will have a(n) ________ net worth.

How often should you create a budget?

Net income is the amount you get paid before taxes.

You should budget in this order: giving, saving, spending.

Credit card companies make the most profit from ________.

Once you turn 18, you should regularly check your credit report…

The debt snowball method involves…

What is the best way to avoid falling into debt?

An example of discretionary spending is ______.

It takes the average person _______to pay off their student loan debt.

Since federal funding is often awarded on first-come, first-served basis, you’ll be more likely to get financial help by filling out your FAFSA as soon as possible.

FAFSA is the federal application required to…

Dropping out of college means you don’t have to pay your student loans.

_______typically take(s) less than two years to complete, teach(es) you the skills you need for that career, and is/are often tied to that region’s employment needs.

An easy way to avoid ending up with errors in your checking account is to simply…

The Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NICA) keep your money in the bank insured up to ________ per account.

Credit Unions differ from retail banks in that they typically require membership based on specific criteria.

Banks invest their customers’ deposited money and then…

Overdrafting your account is a sign of diligence and responsibility.

Insurance helps you transfer the ________ from your bank account to the insurance company.

This type of home insurance covers the structure of your home.

In return for paying the insurance company a fee, they will…

If you’re unable to live in your home while it’s being repaired, ______ coverage will cover those additional living expenses.

The amount of money the insurance company agrees to pay for an incident is called ________.

Medicare and Medicaid are examples of …

People who rely on you financially are called your ________.

What is a deductible?

Withholdings and deductions are…

When you buy clothes or check out at the grocery store, you will pay ________.

When you buy specific items like cigarettes, alcohol, airline tickets or gas, you will pay _________.

Your rent payment should total no more than _______ % of your take-home pay.

What does the cost of living refer to?

A house is an asset that typically will have ________ value over time.

A leasing contract is a legal document that allows the renter (tenant) to use the property for a period of time.

It’s important to read your leasing contract because once you sign it, it is enforceable by law.

A fixed-rate mortgage has a ________ mortgage rate for ________ years.

What is your mortgage principal?

Equity is the difference between what you still owe on your home and what it is worth.

What is the Fifth Foundation?

98. Social Security benefits are meant to ________ your income.

Mutual funds are less risky and can outperform the stock market because…

The three components of compound growth are money, time, and _______.

A(n) ________ is a number that indicates the likelihood of someone repaying debt.

Making fixed payments on a loan over a set period of time is an example of ________.

The price of goods and services increases over time due to ________.

An investment's ________is its percentage of gain or loss over time.

When you fail to repay a loan on time, you're referred to as being in ________.

With Certificates of Deposits (CD's) you have to pay a penalty for ________.