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chaptcher 7
| Question | Answer |
|---|---|
| 401(k) | retirement savings investment |
| 529 plan | an educational investment account |
| Budget | a spending and saving plan |
| Certificate of deposit | short or long term interest |
| Check | a written order to the banke |
| Checking account | a service provided by banking institutions |
| Checkbook register | space to trace you checking account |
| Compounding interest | interest that is calculated on the balance |
| Credit card debt | the amount you owe on credit cards |
| Debit card | cards that allow for immediate deductions from a checking account |
| Fdic | federal insurance designed to protect your money |
| Financial plan | a blueprint containing your personal goals |
| Fixed expense | expenses that are the same amount each month |
| Income | the amount of money you earn |
| Insurance | coverage you can purchase |
| Investment | putting money into something with an expectation |
| IRA | overall term for a retirement plan |
| Needs | something that is necessary |
| Online banking | option for paying your bills online |
| Savings account | a bank account on which you earn compounding interest |
| Stocks | shares in a company |
| Tax shelter | investments designed |
| Variable expenses | expenses that may be different |
| Wants | something you desire |