Personal Finance

What you give up when you make one choice over another

not established for the purpose of making a profit

acronym for electronic fund transfer; money transferred from one account to another

taxes that fund Social Security and Medicare

log of deposits and withdrawals from a checking account

The ease with which an asset can be converted into cash.

A number assigned to a person that indicates to lenders their capacity to repay a loan.

Purpose of Insurance

balance of an account on the day the bank runs the bank statement

money put into an account

The combination of pay and any benefits, like health insurance, daycare, offered by an employer

Expenses that change from one month to another,examples electricity and food

Expenses which stay basically the same from month to month, such as housing and transportation.

cash withdrawn by using a debit card and entering a PIN in an ATM

A group of investments held in common by many individual investors. Provides diversification.