Vocabulary
Money owed
What is debt?
3 types of debt.
Mortgage, car loan, student loan, credit card balance
What happens when you only make a minimum payment on you credit card instead of the entire balance.
What is pay interest?
Another way to say grade point average.
G.P.A.
A card authorizing the holder to buy goods and services that can be paid for.
What is a credit card?
Assets - Debts = _________
What is net worth?
You have to pay a late fee.
What happens when you pay a bill late?
The G.P.A of someone with the following grades: 1 A, 3 B's and 1 C.
What is 3.0
Paying for the use of money.
What is interest?
Checking account, jewelry, truck; everything you own.
What are assets?
Using a credit card to put gas in your car and getting 5% cash back and then paying the balance when the bill comes demonstrates....
What is a good use of your credit card?
Coursed that give you a weighted score to add to a students' G.P.A.
What are AP Classes?
Money borrowed that must be paid back.
What is a loan?
A report card that shows your reliability to pay off a debt.
What is your credit score?
A card where you use it to pay now and the money comes out of your checking account right away.
What is a debit card?
A way to improve your grades M-Th during lunch.
What is tutoring?
The amount of financial trust given to a person or business.
What is credit?
When it is easier to get a loan and your interest rates will be lower.
What happens when you have a high credit score?
Your balance after you charge $1500 and only pay $300 and your interest rate is 21%
What is $1452?
Well rounded students with good grades and community involvement are...
What type of students are colleges looking for?