Importatnt Finance terms in the field of Personal Finance.
This article brings you various important terms in personal finance. Finance is a field of fundamentals, learning of these terms is necessary to get an idea about personal finance.
Online, October 4, 2010 (Newswire.com) - Personal Finance is all about finance principles applicable only to a single person or family.Checking and savings accounts, credit cards and consumer loans,retirement plans, social security benefits, insurance policies, and income tax management comes under components of personal finance.
Personal finance
• 529 plan
• Budget
• Coverdell Education Savings Account
• Credit and debt
o Credit card
o Debt consolidation
o Mortgage loan
• Continuous-repayment mortgage
• Debit card
• Direct deposit
• Employment contract
o Commission
o Employee stock option
o Employee or fringe benefit
o Health insurance
o Paycheck
o Salary
o Wage
• Financial literacy
• Insurance
• Predatory lending
• Retirement plan
o 401(a)
o 401(k)
o 403(b)
o 457 plan
o Keogh plan
o Individual Retirement Account
• Roth IRA
• Traditional IRA
• SEP IRA
• SIMPLE IRA
o Pension
• Social security
• Tax advantage
• Wealth
• Comparison of accounting software
• Personal financial management
• Investment club
• Collective investment scheme
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Tags: finance, personal finance, terms
