Budgeting
what is a budget?
A plan for spending money
what is a bank?
A place people keep money safely
what is debt
borrowed money that must be repaid
what is stock?
buying part of a company
what is rent?
money paid to live somewhere
what is income?
money earned from saving
what is a interest?
number showing borrowing responsibility
what is a credit score?
when u can buy a house
what is investing?
u make more money when u keep doing this
what are taxes?
when some of your money from your paycheck get taken out
what is saving money?
Account used for everyday spending
what is a checking account?
where you use money to buy thing
what is interest?
what is diversification?
spreading investments to lower risk
what is an emergency fund?
saving for unexpected problems
what is a necessity?
savings for emergenices
what is an emergency fund?
where you use if your pocket is hurting
what is a credit score
spending to much hurt
what is risk
is like a gambling game
what is mortgage?
Loan commonly used to buy a house
what is living within your means?
protection for bank money
what is FDIC insurance?
when you can't repay a loan
what is defaulting?
not repaying a loan
what is inflation?
prices keep going up
what is net worth?
it your income