Financial Unit

A federal insurance program that provides benefits to retired people and those who are unemployed or disabled. (a)  

• Medicare
• Medicaid
• Blue Cross and Blue Shield
• Social Security

Expenses that cost the same amount each month are ___________.

• Variable

• Fixed

• Compound

• Periodic

An account that keeps your money safe while gaining interest.

• Savings

• Checking

• Mutual Fund

• Stocks

The amount of money you earn BEFORE payroll deductions is _____.

• Take home pay

• State Taxes

• Net Pay

• Gross Pay

What is the actual amount of money a person borrows called?

• Interest

• Principle

• Dividend

• Finances

Any money that you receive is called __?__

• Cash Flow

• Expenses

• Income

• Dividends

Expenses that come out every month but may cost a different amount based upon how much you use the product or service are called __?__

• Variable Expenses

• Fixed Expenses

• Periodic Expenses

• Discretionary Expenses

Your "take home pay" or money you receive AFTER payroll deductions.

• Gross Income

• Net Income

• Taxes

• Expenses

This is a convenient way to pay for something  you do not have the money for, but you must pay back the amount, plus a much higher interest rate than a loan would be.

• Gift Card

• Debit Card

• Payroll Card

• Credit Card

A plan to show how you will spend your money each month.

• Income

• Budget

• Principle

• Net Pay