1
Saving a dollar of spending is as good as working longer for an extra dollar
2
Money left after all taxes, deductions, and fixed expenses are paid
3
Institution responsible for clearing checks, regulating the money supply, and stimulating the economy
4
A way to estimate the time needed for money to double at a given interest rate
5
This is experienced when interest is left in an account to accumulate over time
6
Deduct savings contributions each month before spending
7
Money left after taxes and deductions
8
Decisions by the Fed that change the money supply
9
Calculated by multiplying Principal x Rate x Number of Years
10
An estimate of income and expenditure for a set period of time in which there is neither a deficit nor a surplus
11
Liquid Savings that ideally equals three to six months of your expenses
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Budget costs that do not fluctuate from month to month
13
The amount of goods and services that can be purchased with an amount of money after adjusting for inflation
14
Can be used to reduce the price on a house, car or private purchase
15
Difference between expenses that are necessary and those that are desired
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How easily an asset can be converted into other assets.
17
An uncontrollable event such as a natural disaster
18
Difference between income and expenses when expenses are greater than income
19
A sum of money lent or invested on which interest is paid.
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Money that is gained through wages, investments, gifts, etc.
21
A debt investment in which the investor loans money to a company or government
22
A plan to achieve a future result that is specific and time-bound
23
The annual rate charged for borrowing expressed as a single percentage number that represents the actual yearly over the term of a loan. It includes any fees or additional costs.
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