D363 Personal Finance Study Guide Rated A+

Expenses which an individual has control. This is where one can look to save money each month. Fixed Variable Recurring Surplus {Ans: Variable}Typically requires at least $2,500 to open and the interest rate varies depending on the balance of the account. Checking account Bitcoin account Statement savings account Money market deposit account {Ans: Money market deposit account}What is a reason one should consider opening a savings account at a credit union? Credit unions have lower required balances than those at a traditional bank. The federal insurance coverage is $300,000 instead of $250,000 at traditional banks. Credit unions charge lower fees and pay higher interest rates than traditional banks. The account is covered by the Federal Deposit Insurance Corporation (FDIC). {Ans: Credit unions charge lower fees and pay higher interest rates than traditional banks.}Maria knows that she has to keep certain documents secure, especially ones that relate to her personal budget and net worth. Which document is an example of a financial document that Maria should keep in a fireproof home safe? Copies of income tax filings for the past three years List of credit card accounts and telephone numbers List of safe-deposit box contents Financial institutions and