Budget Terms

The sum of money that a buyer pays in the early stages of purchasing an expensive good or service

• Premium

• Deductible

• Down Payment

• Sales Tax

• IRA

Is a number from 300 to 850 that rates a consumer's creditworthiness. The higher the score, the better a borrower looks to potential lenders.

• Gross Pay

• Interest

• Compound Interest

• Credit Score

a spending plan based on income and expenses. In other words, it's an estimate of how much money you'll make and spend over a time period

• Budget

• Ramsey Plan

• Gross Pay

• Net Pay

Is what you earn before Taxes

• Net Pay

• Gross Pay

• Both A and B

• None of the Above

Is what you bring home after Taxes

• Net Pay

• Gross Pay

• Net Interest

• Gross Interest

Consumption tax imposed by the government on the sale of goods and services.

• Property Tax

• Estate Tax

• Sales Tax

• Spending Tax

Is a type of loan used to purchase or maintain a home, land, or other types of real estate.

• Rebate

• Discount

• Budget

• Mortgage

Are the payments that insurance customers make in exchange for insurance coverage

• Deductible

• Insurance

• Premium

• None of the Above

Is the interest you earn on interest.

• Compound

• Simple

• Net

• Gross

Let's you pool your money with other investors to buy stocks, bonds, and other investments. They're run by professional money managers

• IRA

• Mutual Fund

• Co Pay

• Discount