Personal Family financing, Unit 4

The uncertainty of the return on an investment

Financially sound families may choose to postpone some purchases

Electronic banking raises costs for financial institutions

Money received that is available to spend and save

you can deduct money form your bank account to make a purchased by use of a ....

A spending plan is a statement of what you own and what you owe

An offline debit-card transaction requires you to enter your PIN into a keypad

Set cost that must be paid such as rent, insurance and car payments

Saving is riskier than investing, but has the potential to earn more money for you

An increase in demand of a stock causes its price to drop

A benefit of financial planning is that it can reduce or eliminate the need to use credit

The purpose of investing your money is to

Many banks provide free ATM transactions to their own customers

In Mutual fund investments companies, the individual investor's risk is reduced

The price a borrower pays a creditor for the use of money over a period of time

The amount of time it takes for money to double in value

You can deposit withdraw, and transfer funds without using a bank teller by electronically

If you ATM card is lost you should

You should wait one week to repaort a lost or stolen debit card

A plan for spending and saving money based on a person's goals during a given time

Saving can help you reach your financial goals even if they change over time

A card that automatically deducts money form your checking account

A PIN is a code that is concerned with the

The amount of money you expect to receive after paycheck deduction is

a cash management tool, 70% income spent, 20% saved and 10% invested

An orderly program for spending,saving, and investing the money you earn to achieve goals

Fixed expenses are often the easiest expenses to cut

Those checks issued by a depositor but not yet reported on a bank statement

Some companies offer automatic payment, which payment is directly taken from bank account

Befoe developing a spending plan, you consider your personal goals at that time

The cost of eating out at a restaurant is a flexible expense

To bring a bank statement and our own record into agreement

A written check is electronically withdraws funds from the account similar to a debit card

Financial planning allows family members to

You should count your cash immediately after making an ATM withdrawal

Allows a bank customer to deposit and withdraw electronically with in 24 hours

Allocating money for savings is necessary to reach long-term financial goals

Rent is an example of

Lack of sufficient funds to cover the full amount of the check

You'll spend more in the long run if you save up for a new coat instead of buying it on credit

The term "flexible expenses" refers to expenses that normally increase or decrease each month

The increased cost of living

Bank statement, receipts, tax forms, and other records can help you identify your spending plan

By saving, you can accumulate money for future needs and purchases

Choosing a fixed amount to put into savings each time you paid help you save

Cost that do not stay the same such as utilities, clothes and food

When estimating income, you should be sure to include your savings

Successful savers think of savings as money left over after spending

An example of paying yourself first is

Which statement is False