finance words

2. you can combine all of the money on your credit cards so you only get interest on that one loan
3. a set amount each year and is most beneficial for those who haven’t spent money on the categories from itemized deductions
12. Used to describe ‘credit card debt’ An open line of credit
13. when you have money left over at the end of the month
15. your investments must outpace inflation, or your money will lose value over time
16. keep it simple silly
17. calculated based on specific expenses a taxpayer incurs during the year - you will sit down and calculate them
18. money needed to repay for college education after graduation (start paying 6 months after graduation)
19. something that changes every month (gas, electric bill)
20. take 72 and divide it by the number to find how many years it will take for your money to double

1. taking a loan saying you will pay a certain amount of money every month
4. when you don’t have money left over at the end of the month
5. you have a bank, but you don’t use it that often
6. total before taxes, after retirement contributions
7. small things that you buy frequently, that seem inexpensive when you buy them but they add up
8. something that stays the same every month (rent, car payment)
9. spreading out your money into different investments to reduce your overall risk
10. if you live in an apartment for a year, the landlord doesn’t expect specific things to look the same as it did when you moved in (carpet, etc)
11. a group of financial assets used together based on your investment philosophy
14. any person who is agreeing to the terms of the loan if you fail to pay (will pay your loan if you don’t)