click below
click below
Normal Size Small Size show me how
Stack #4622482
| Question | Answer |
|---|---|
| 601K | retirement saving with deferred taxes until the money in withdrawn later |
| 529 plan | educational investment account designed to help you prepay tuition or save for education |
| Budget | a spending and a saving plan |
| Certificate of deposit | short of long term interest bearing investments offered by banking institutions |
| Check | a written order to the bank to take out money from your account to pay a person or business |
| Checking account | a service provided by banking institutions to allow you to deposit and withdraw money |
| Checkbook register | space to track your checking account deposits and withdraws |
| Compounding interest | interest that is calculating on the balance addition deposits |
| Credit card debt | the amount you owe on credit cards that you cannot pay |
| Debit card | immediate deductions from your account |
| FDIC | federal insurance designed to protect your money |
| Financial plan | blueprint containting your personal goals, timeline for reaching your goals |
| Fixed expense | expenses that are the same amount each month |
| Income | the amount of money you earn |
| Insurance | coverage you can purchase to provide reimbursement |
| Investment | putting money into something with an expectation of a financial gain |
| IRA | overall term for a retirement plan with tax advantages |
| Needs | something that is necessary for you to live your life |
| Online banking | option for paying you bills over the internet |
| Savings account | a bank account that you can earn compounding intrest |
| Stocks | shares in a company |
| Tax shelter | investments designed to reduce the amount of taxesable income |
| Variable expanses | Expanses that may be different amounts each month. |
| Wants | Something that you desire, demand or would like to have |