STUDY GUIDE

3. a specific amount you pay out of pocket before the insurer pays a claim.
5. an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis.
6. __________ insurance covers the costs and losses associated with traveling.
7. what insurance would cover you if you had to go to hospital because you cut off a finger sawing?
8. the first step of budgeting is to add up your total _____________.
11. what insurance would cover if someone threw a rock threw a rock at your window?
13. In the 50-20-30 rule the 20 refers to ___________.
15. what insurance would cover if you got into a car accident
17. If the borrower stops paying the mortgage, the lender can ___________ on the property.

1. is a type of loan used to purchase or maintain a home, plot of land, or other types of real estate.
2. a budget helps you not go into ___________.
4. a __________ budget remains unchanged.
9. In the 50-20-39 rule the 50 refers to ______________.
10. are expenses you need to pay for each month.
12. In the 50-20-30 rule the 30 refers to ___________.
14. is a contract in which a policyholder receives financial protection or reimbursement against losses from an insurance company.
16. a ___________ expense changes over a period of time