Secure the Bag!
This is the process of setting financial goals and developing strategies to reach them.
What is Financial Planning?
This is the total amount of money you earn before taxes and other deductions are taken out.
Gross Income
This is money set aside for future use instead of being spent immediately
Saving
This type of financial institution is for-profit and offers services like checking and savings accounts, loans, and credit cards.
Bank
Use strong passwords and monitor accounts to protect from this crime.
Identity Theft
This financial task involves estimating income and expenses to guide spending
What is creating a Budget?
This is the amount of money you take home after taxes and deductions are removed.
Net Income
The recommended size of an emergency fund is this many months of expenses.
3 - 6 Months
This financial institution is nonprofit, member-owned, and often offers lower fees and better interest rates.
Credit Unions
Scams that trick you into giving up personal info are known as this.
These are specific, measurable outcomes people aim to achieve with their money, usually categorized as short-, medium-, or long-term.
What are Financial Goals?
This type of planning keeps your income and expenses in balance.
Cash Flow Management
This is the interest you earn on both your original deposit and on previous interest.
Compound Interest
These are extra charges that banks apply for certain activities, like overdrafts or using out-of-network ATMs.
Banking Fees
This is the amount you must pay out of pocket before your insurance begins to cover costs.
Deductible
This account should cover 3–6 months of expenses and is used for unplanned costs like medical bills or job loss.
What is an Emergency Fund?
Rent, car payments, and insurance are examples of this type of expense that stays the same each month.
Fixed Expenses
This percentage-based term reflects your true savings account growth.
APY (Annual Percentage Yield)
This service covers a transaction when your account has insufficient funds — often for a fee.
Overdraft Protection
This is the regular payment you make to an insurance company to keep your coverage active.
Insurance Premium
This principle means setting aside money into savings before paying any other expenses.
Pay Yourself First
Groceries, gas, and entertainment are examples of these monthly expenses that change over time.
Variable Expenses
Unlike checking accounts, savings accounts usually have limits on this type of transaction.
Withdrawals and Transfers
his type of account is designed for everyday transactions like deposits, withdrawals, and bill payments.
Checking Account
This act protects consumers from unfair business practices.
Consumer Protection Act (or a similar law)