Jobs & Buying
A piece of paper you write to tell a boss: "I am a hard worker, please hire me!"
(Answer: What is a Resume?)
A giant loan you get from the bank so you can buy a house today instead of waiting 30 years.
(Answer: What is a Mortgage?)
Extra money you get back for keeping your savings in a bank (like a "thank you" gift).
(Answer: What is Interest?)
A plastic card that works like an "instant straw," pulling money straight out of your bank account.
(Answer: What is a Debit Card?)
A word that describes land and the buildings on it, like your house or the grocery store.
(Answer: What is Real Estate?)
When a "bad guy" steals your name and birthday to spend your money.
(Answer: What is Identity Theft?)
A special "savings bucket" for your grandma or grandpa to use when they stop working.
(Answer: What is a 401k?)
A promise-paper you sign that says, "I will live in this apartment and pay rent for one year."
(Answer: What is a Lease?)
Extra fees you pay at the very end of buying a house to pay the people who helped you.
(Answer: What are Closing Costs?)
Money making its own money! It’s like a tiny snowball that gets huge as it rolls down a hill.
(Answer: What is Compounding?)
Extra "insurance money" you give a landlord to show you won't break anything in your apartment.
(Answer: What is a Security Deposit?)
A loan where the bank can change the price of the "interest" later on.
(Answer: What is an Adjustable Rate Mortgage?)
When you "lend" your money to the government, and they promise to pay you back with a little extra.
(Answer: What is a Bond?)
The price someone is willing to pay for your bike or house right now.
(Answer: What is Market Value?)
A percentage (like a grade) that shows you the total cost of a loan, including all fees.
(Answer: What is APR?)