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TermDefinition
407 (k) Retirement savings invest with deferred taxes until the money is withdrawn later
529 plan an educational account designed to help you prepay tuition or save for education
Budget a spending and saving plan
Certificate of deposit short or long term interest-bearing investments offered by banking institutions
Check a written order to the bank to take 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 calculated on the balance
credit card debt Amount u owe on a credit card
Income The amount of money earned
Insurance Coverage you can purchase to provide reimbursement or replacement in case of loss
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 your bills over the internet.
Savings account a banking account on witch u earn compounding interest
Stocks shares in a company
Tax shelter investments designed to reduce the amount of your taxable income
Variable expense expenses that may be different amounts each month
Wants something u desire demand or would like to have
Created by: jackadd30
 

 



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