Banking
deposit money in but use this type of account to pay your bills
checking
tax on the the money and property of a person who has passed away
estate tax
what is the form to file to qualify for financial aid
Fafsa
What is a credit score
# to show a bank or company if you are a good risk to take for a loan
insurance
one is attached to your account and one is not but $ is preloaded
debit card and prepaid debit card
tax on imported goods from foreign countries
tariff
name one of the two types of loans a person can get for college
subsidized or unsubsidized
credit scores range from
300 - 850
money paid to have insurance
premium
comes from bank monthly shows all your transactions to your account
bank statement
forms that show how much you earn and one that you file your taxes on
w2 and 1040
get a job at college to help offset the cost
workstudy
what are two things that happen if you pay your bills late
late fees, lower credit score, harder to get a loan, or higher interest rates when borrow money
money you have to pay before insurance pays out for a loss
deductible
earns interest, deposit money, not used to pay your bills
savings account
what does the government do with your tax money
provide services to citizens
difference between scholarship and a grant
scholarship can come from a school usually - for grades or athletics
grant is from govt and doesn't have to be paid back
What are two ways that people can start to build good credit
pay your bills on time, don't spend more than you can afford to pay back, pay off your credit card balance
What are four types of insurance that a person can buy
life, homeowners, car, medical, disability
2 things to look for in a bank
fees they charge, ATM or branch location near you
3 taxes that are taken out of your paycheck
income, medicare, social security
What is tuition?
cost of college - classes and housing and food
what are the three types of credit
single payment, installment, and revolving
What does it mean when we say insurance is a trade off
pay for it every month but don't always use it