1. PERSONAL FINANCE L TO J 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90
Jody Gavers

2. 1
Place your emergency fund in this type of account.
Money Market
End

3. 2
Baby Step one is ________.
$500-$1000
End

4. 3
The typical American has a ________ savings rate.
Negative
End

5. 4
Saving must become a ________.
Priority
End

6. 5 End A fully funded emergency fund is ________ months of expenses.
3-6
End

7. 6 End ________ says that whatever can go wrong will go wrong.
Murphy's Law
End

8. 7 End The percentage by which your money grows is called the ________.
Rate of Return
End

9. 8
Use the ________ approach instead of borrowing to purchase things.
Sinking Fund
End

10. 9
Never invest using _________ money.
Borrowed
End

11. 10
Oil and gold are examples of _________.
Commodities
End

12. 11
When investing, you should always check the _________ track record.
5-10 year
End

13. 12
_________ is for anything less than five years.
Saving
End

14. 13
The availability of your money is called _________.
Liquidity
End

15. 14 End _________ are savings accounts with insurance companies.
Annuities
End

16. 15
In _________, investors pool their money.
Mutual Funds
End

17. 16 End A ________ is a debt instrument where a company owes you money
Bond
End

18. 17
A retirement plan for self-employed people.
SEPP
End

19. 18
Typical retirement plan found in most companies
401(k)
End

20. 19 End Retirement plan found in non-profit groups (schools, hospitals)
403(b)
End

21. 20 End Save for college by first using this type of account
Educational Savings Account
End

22. 21
Invest 15% of income for retirement is baby step _______ 4
End

23. 22
College Funding is baby step 5
End

24. 23
A widely held, but mistaken belief
Myth
End

25. 24 End Mortgage loans where the interest rate is adjusted periodically
ARM
End

26. 25
A tax on the poor and people who can’t do math
Lottery
End

27. 26
The debt snowball is baby step ______ 2
End

28. 27
Most expensive way to finance a new car
Leasing
End

29. 28 End Using equity in a home as collateral when borrowing money
Home Equity Loan
End

30. 29 End Combining separate debt payments into one single payment
Consolidation
End

31. 30
A drop in the value of property
Depreciation
End

32. 31 End The true cost of something in terms of what you give up
Opportunity Cost
End

33. 32
Borrowing money and paying over time
Financing
End

34. 33 End Finding the right place in the store for a product
Shelf Positioning
End

35. 34
Financing as a marketing tool
90 Days Same-as-Cash
End

36. 35
Causes some pain when purchased with cash
Significant Purchase
End

37. 36
Doubting a purchase
Buyer's Remorse
End

38. 37
Insures you against an unclean title
Title Insurance
End

39. 38 End Experian, TransUnion, Equifax are examples of ________
Credit Bureaus
End

40. 39
The percent of total debt each creditor gets when you can’t make minimum payments
Pro Rata
End

41. 40
Court action that allows a lender to take wages directly from a paycheck
Garnishment
End

42. 41
If you file ________ code, it will stay on your credit report for 10 years
Chapter 7 Bankruptcy
End

43. 42
Protects the mortgage lender against loss if the loan is defaulted
PMI
End

44. 43
The only information that can be legally removed from your credit bureau report
Inaccurate Information
End

45. 44
Place a fraud victim alert on your credit report after this happens
Identity Theft
End

46. 45
Amount of time a credit bureau has to remove inaccuracies from your report
30 days
End

47. 46
Legal procedure for dealing with debt problems (filed under chapters)
Bankruptcy
End

48. 47
Cash flow plan
Budget
End

49. 48
A sign of crisis living
Bounced Checks
End

50. 49 End Spend every dollar on paper before the month begins
Zero-Based Budget
End

51. 50 End Checking your bank statement against your account register
Reconcile
End

52. 51
Buying without thinking
Impulse Purchase
End

53. 52
Used to pay cash for planned monthly expenses
Envelope System
End

54. 53
Fee for an overdrawn account
Non-Sufficient
End

55. 54
Used to help plan for annual expenses
Lump Sum Planning Form
End

56. 55 End Used when you don’t have a predictable monthly income
Irregular Income Form
End

57. 56
Both parties benefit in negotiations
Win-Win
End

58. 57
Bidding on items
Auction
End

59. 58
Bargaining for a lower price
Negotiating
End

60. 59
Paying a lower price for an item
Bargain
End

61. 60
Emotional, visual and has immediacy
Cash
End

62. 61 End Used to get something else just before closing a deal
"If I" take away
End

63. 62
It’s a myth that these places have stolen goods
Pawn Shop
End

64. 63
The ability to leave if you are not satisfied with the price offered
Walkaway Power
End

65. 64
Earning money based on the work you do
Commission
End

66. 65
Don’t necessarily have to work to earn this
Allowance
End

67. 66
Having to do with money
Fiscal
End

68. 67
Taking responsibility
Accountable
End

69. 68
What is important to you
Value System
End

70. 69
Motivation to work
Work Ethic
End

71. 70
Attitude about yourself
Self-Esteem
End

72. 71
Lists your personal, work and education history
Resume
End

73. 72 End Used to fund government programs, agencies, roads, etc.
Federal Income Tax
End

74. 73
Source of revenue for local governments
Property Tax
End

75. 74
Your line of work
career
End

76. 75
Major source of revenue for state governments
Sales Tax
End

77. 76
The one thing you can count on when it comes to careers
Change
End

78. 77
Life insurance for a specified period of time
Term Insurance
End

79. 78 End The amount you pay annually, quarterly or monthly for insurance
Premium
End

80. 79
Provides an income if the insured person is unable to perform the job he/she trained for
Occupational disability
End

81. 80 End The time between the disabling event and when payments
Elimination Period
End

82. 81 End Filed with an insurance company to get coverage for a loss
Claim
End

83. 82 End Covers the contents of a house or apartment when you rent
Renter's Insurance
End

84. 83 End Portion of the medical bill you pay before insurance kicks in
Deductible
End

85. 84 End Insurance that covers damage to a vehicle due to an accident
Collision
End

86. 85
Covers damage to a vehicle not due to an accident
Comprehensive
End

87. 86
Loan payments on a house
Mortgage
End

88. 87
An opinion of value on what a house is worth
Appraisal
End

89. 88
Experts in buying and selling homes
Realtor
End

90. 89 End The balance of your mortgage payment, not including interest
Principal
End

91. 90
The value of your house minus what you owe
Equity
End

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