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Presentation on theme: "123456789101112131415 161718192021222324252627282930 313233343536373839404142434445 464748495051525354555657585960 616263646566676869707172737475 767778798081828384858687888990."— Presentation transcript:

1

2 Jody Gavers PERSONAL FINANCE L TO J

3 1 Place your emergency fund in this type of account. Money Market 2 End

4 2 Baby Step one is ________. $500-$ End

5 3 The typical American has a ________ savings rate. Negative 4 End

6 4 Saving must become a ________. Priority 5 End

7 5 A fully funded emergency fund is ________ months of expenses End

8 6 ________ says that whatever can go wrong will go wrong. Murphy's Law 7 End

9 7 The percentage by which your money grows is called the ________. Rate of Return 8 End

10 8 Use the ________ approach instead of borrowing to purchase things. Sinking Fund 9 End

11 9 Never invest using _________ money. Borrowed 10 End

12 10 Oil and gold are examples of _________. Commodities 11 End

13 11 When investing, you should always check the _________ track record year 12 End

14 12 _________ is for anything less than five years. Saving 13 End

15 13 The availability of your money is called _________. Liquidity 14 End

16 14 _________ are savings accounts with insurance companies. Annuities 15 End

17 15 In _________, investors pool their money. Mutual Funds 16 End

18 16 A ________ is a debt instrument where a company owes you money Bond 17 End

19 17 A retirement plan for self-employed people. SEPP 18 End

20 18 Typical retirement plan found in most companies 401(k) 19 End

21 19 Retirement plan found in non-profit groups (schools, hospitals) 403(b) 20 End

22 20 Save for college by first using this type of account Educational Savings Account 21 End

23 21 Invest 15% of income for retirement is baby step _______ 4 22 End

24 22 College Funding is baby step 5 23 End

25 23 A widely held, but mistaken belief Myth 24 End

26 24 Mortgage loans where the interest rate is adjusted periodically ARM 25 End

27 25 A tax on the poor and people who cant do math Lottery 26 End

28 26 The debt snowball is baby step ______ 2 27 End

29 27 Most expensive way to finance a new car Leasing 28 End

30 28 Using equity in a home as collateral when borrowing money Home Equity Loan 29 End

31 29 Combining separate debt payments into one single payment Consolidation 30 End

32 30 A drop in the value of property Depreciation 31 End

33 31 The true cost of something in terms of what you give up Opportunity Cost 32 End

34 32 Borrowing money and paying over time Financing 33 End

35 33 Finding the right place in the store for a product Shelf Positioning 34 End

36 34 Financing as a marketing tool 90 Days Same-as-Cash 35 End

37 35 Causes some pain when purchased with cash Significant Purchase 36 End

38 36 Doubting a purchase Buyer's Remorse 37 End

39 37 Insures you against an unclean title Title Insurance 38 End

40 38 Experian, TransUnion, Equifax are examples of ________ Credit Bureaus 39 End

41 39 The percent of total debt each creditor gets when you cant make minimum payments Pro Rata 40 End

42 40 Court action that allows a lender to take wages directly from a paycheck Garnishment 41 End

43 41 If you file ________ code, it will stay on your credit report for 10 years Chapter 7 Bankruptcy 42 End

44 42 Protects the mortgage lender against loss if the loan is defaulted PMI 43 End

45 43 The only information that can be legally removed from your credit bureau report Inaccurate Information 44 End

46 44 Place a fraud victim alert on your credit report after this happens Identity Theft 45 End

47 45 Amount of time a credit bureau has to remove inaccuracies from your report 30 days 46 End

48 46 Legal procedure for dealing with debt problems (filed under chapters) Bankruptcy 47 End

49 47 Cash flow plan Budget 48 End

50 48 A sign of crisis living Bounced Checks 49 End

51 49 Spend every dollar on paper before the month begins Zero-Based Budget 50 End

52 50 Checking your bank statement against your account register Reconcile 51 End

53 51 Buying without thinking Impulse Purchase 52 End

54 52 Used to pay cash for planned monthly expenses Envelope System 53 End

55 53 Fee for an overdrawn account Non-Sufficient 54 End

56 54 Used to help plan for annual expenses Lump Sum Planning Form 55 End

57 55 Used when you dont have a predictable monthly income Irregular Income Form 56 End

58 56 Both parties benefit in negotiations Win-Win 57 End

59 57 Bidding on items Auction 58 End

60 58 Bargaining for a lower price Negotiating 59 End

61 59 Paying a lower price for an item Bargain 60 End

62 60 Emotional, visual and has immediacy Cash 61 End

63 61 Used to get something else just before closing a deal "If I" take away 62 End

64 62 Its a myth that these places have stolen goods Pawn Shop 63 End

65 63 The ability to leave if you are not satisfied with the price offered Walkaway Power 64 End

66 64 Earning money based on the work you do Commission 65 End

67 65 Dont necessarily have to work to earn this Allowance 66 End

68 66 Having to do with money Fiscal 67 End

69 67 Taking responsibility Accountable 68 End

70 68 What is important to you Value System 69 End

71 69 Motivation to work Work Ethic 70 End

72 70 Attitude about yourself Self-Esteem 71 End

73 71 Lists your personal, work and education history Resume 72 End

74 72 Used to fund government programs, agencies, roads, etc. Federal Income Tax 73 End

75 73 Source of revenue for local governments Property Tax 74 End

76 74 Your line of work career 75 End

77 75 Major source of revenue for state governments Sales Tax 76 End

78 76 The one thing you can count on when it comes to careers Change 77 End

79 77 Life insurance for a specified period of time Term Insurance 78 End

80 78 The amount you pay annually, quarterly or monthly for insurance Premium 79 End

81 79 Provides an income if the insured person is unable to perform the job he/she trained for Occupational disability 80 End

82 80 The time between the disabling event and when payments Elimination Period 81 End

83 81 Filed with an insurance company to get coverage for a loss Claim 82 End

84 82 Covers the contents of a house or apartment when you rent Renter's Insurance 83 End

85 83 Portion of the medical bill you pay before insurance kicks in Deductible 84 End

86 84 Insurance that covers damage to a vehicle due to an accident Collision 85 End

87 85 Covers damage to a vehicle not due to an accident Comprehensive 86 End

88 86 Loan payments on a house Mortgage 87 End

89 87 An opinion of value on what a house is worth Appraisal 88 End

90 88 Experts in buying and selling homes Realtor 89 End

91 89 The balance of your mortgage payment, not including interest Principal 90 End

92 90 The value of your house minus what you owe Equity 91 End

93


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