Personal Finance

The cost of borrowed money, usually expressed as a percentage.

401(k), IRA, and Roth IRA are all examples of a __________ account.

This type of retirement account offered by employers to their employees allows them to set aside tax-deferred income. Sometimes employers will even match the employee contribution up to a certain amount.

Principal

The first step of financial freedom; $500 for teens; $1,000 for adults

The availability of money; how quickly you can convert it into cash in your hand is its _______.

Term that applies to the ability to buy something now and pay for it later over a period of time (usually with having to pay a finance charge and/or the addition of interest).

What is a credit score?

Student loans can be subsidized (by the government) or unsubsidized, and cannot be discharged with bankruptcy.

Which budget item will most likely take up the largest percentage of your income at 25-30%?