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A fund created for your future education.
College Fund
A written plan on how you will spend your money.
Budget
A sum of money that is borrowed and paid back later.
Loan
A physical and online market where companies allow people to buy pieces of their corporation.
Stock Market
An extra percentage added to the price of an item when you buy it at a store.
Sales Tax
Costs that stay the same, such as rent or a phone bill.
Fixed expenses
Money paid to credit card companies for using their money.
Credit Interest
An investment that gives you a tiny piece of ownership in a corporation.
Stock purchase
A plastic card that lets you buy things now and pay the bank back later.
Credit Card
Costs that change, such as groceries or move tickets.
Variable expenses.
A special three-digit number lenders use to see how trustworthy you are at paying back money.
Credit Score
An investment where a group of people pool their money together to buy a large mix of stocks and bonds.
Mutual Fund
What is the difference between credit and debit cards?
Debit takes money out of your own account, whereas Credit borrows money that is paid back in monthly installments.
A rule that states you should put your money into 50% needs, 30% wants and 20% savings.
Your total financial wealth calculated by taking total assets minus total liabilities.
Net Worth
The federal agency that insures your bank deposits up to $250,000
FDIC