Personal Finance

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

taxes that fund Social Security and Medicare

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

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

not established for the purpose of making a profit

money put into an account

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

Purpose of Insurance

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

cash withdrawn by using a debit card and entering a PIN in an ATM

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

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

log of deposits and withdrawals from a checking account

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

What you give up when you make one choice over another