Banking
What do you use to access the money in your checking account?
Debit Card
What is it called when prices of goods and services increases over time?
inflation
When you use a credit card, you are _______ money from the credit card company.
Borrowing
When you buy a stock, you ______ part of a company.
Own
What is Tax Day in the US?
April 15th
What is it called when you add money into your bank account?
Deposit
What is it called when you are giving something up for each choice that you make?
Opportunity Cost
This term describes the maximum amount of money you can borrow with a credit card at one time.
Credit Limit
If you buy a bond, you are allowing a company to _______ your money for a set amount of time.
Borrow
If you make one of these, it helps you plan your income and expenses for the month.
Budget
What is it called when you take money out of your bank account?
Withdrawal
The term used to describe the things you spend your money on.
Expenses
This describes the LEAST amount that you can pay the credit card company back on your bill.
Minimum payment
This type of stock allows you to buy just one stock but own parts of more than just one company.
Mutual Fund
How many siblings does Ms. C have?
3
What happens if you remove money from your savings account more than a few times a month?
You may get a penalty fee
One of two types of expenses.
Fixed or Variable expenses
This term describes the number associated with how good/bad of a borrower you are.
Credit Score
7.2
The best time to begin saving for retirement.
As soon as possible
What is it called when you job automatically sends your paycheck into your bank account electronically?
Direct Deposit
These two words describe how much money you make from your job BEFORE taxes and deductions come out.
Gross Pay
Credit scores above this number are considered very good.
740
What is it called when your money doubles more and more over time.
Compounding Wealth
Some jobs include ______ which may include health insurance, dental insurance, and more.
Benefits