Budgeting
This is a plan for how you'll spend and save your money
Budget
This is where most people keep their spending money.
Checking account
This number represents your creditworthiness.
Credit score
Investing means putting money into assets with the goal of making more this.
Money or profit
Before buying something expensive, it's wise to compare these.
Prices
Money left after expenses are paid is called this
Savings
A bank pays you this for keeping money in a savings account.
Interest
Borrowing money and paying it back later is called this.
Credit
A share of ownership in a company is called this.
Money set aside for unexpected expenses is called this.
Emergency Fund
Needs, wants, and savings are the three main parts of this financial tool.
Budget
This card uses money directly from your bank account.
Debit Card
Paying bills on time helps improve this.
Credit Score
This type of investment is generally considered lower risk than stocks.
Bond
This financial goal should generally come before luxury purchases.
Savings or paying bills
If you spend more money than you earn, you are doing this.
Over spending
This document shows all activity in your bank account over a period of time.
Bank Statement
This is the cost of borrowing money, usually expressed as a percentage.
Interest
Earning returns on both your original investment and previous earnings is called this.
Compound interest
This happens when prices increase and your money buys less.
Inflation
A common budgeting guideline suggests 50% needs, 30% wants, and 20% for this.
Savings
Deposits in most U.S. banks are protected by this federal agency.
FDIC
The amount of available credit you're using is called this ratio.
Credit Utilization
Spreading investments among different assets is called this.
Diversification
A student earns $200 per week, spends $120, and saves the rest. How much will they save in 10 weeks?
(1 minute timer)
$800