Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
19 Cards in this Set
- Front
- Back
|
Typical household is _____ in debt
|
38,000
|
|
|
money is ______ and ______
|
active amoral
|
|
|
5 techniques to stay out of debt
|
avoid credit card use, use a sinking fund, take on a crazy attitude, build an uh-oh fund, avoid overhead
|
|
|
sinking fund
|
save a certain monthly amount with interest in order to have the amount needed to pay up front
|
|
|
crazy attitude
|
lean to say no and to wait
|
|
|
overhead
|
list your debts in descending order with the smallest ballance first. then find an extra $200 a month to pay off debt. Let this snowball
|
|
|
3 more techniques to stay out of debt
|
build the reserve fund, create a written budget, prioritize the process
|
|
|
reserve fund
|
you should have 3-6 months of expenses in liquid savings for emergencies. Build this fund before you start investing to gain wealth
|
|
|
written budget
|
keep checkbook properly recorded and ballanced, write out the details, commit to your plan for 90 days
|
|
|
prioritize the process
|
Baby steps: pay minimum on everything until you build us the 500-1000 uh-oh fund, start college fund, build up wealth through investments, build up reserve fund
|
|
|
unemployment insurance
|
temporary income for eligible workers who become unemployed through no fault of their own, who are ready willing and able to work, and have sufficient work wages in covered employment
|
|
|
unemployment is managed by _____ law
|
state
|
|
|
3 things determined by state law (unemployment)
|
eligability for unemployment, bennefit amounts, lenght of time benefits are availabe
|
|
|
benefit funding is based ___________
|
on a tax imposed on employers
|
|
|
Eligibility for unemployment
|
1. must meet the state requirements for wages eaned or time worked during a one year period of time 2. unemployed through no fault of your own
|
|
|
how long does it take for you to recieve your first benefit check
|
2-3 weeks
|
|
|
have these 5 things when you file a unemployment claim
|
1. SSN 2. Driver's licence 3. mailing address w/ zip 4. telephone number 5. names and adresses of all employers for whom you have worked in the last 18 months
|
|
|
how often do you file a unemployment claim
|
weekly or biweekly
|
|
|
benefits from unemployment
|
based on a percentage of an indiv earnings over recent 52-week period, paid for a max of 26 weeks, subject to federal income taxes
|
