Vocab
What is the money you earn from your job before taxes or deductions?
Gross Income
What is a safe space to keep your money that earns interest
Savings Account
Three digit number that shows how likely you are to pay off a loan
Credit score
What do you call money put into something expecting it to grow?
Investment
What is the smallest US monetary value
penny
What do we call the money you take home after taxes?
Net Income
What is a term for setting money aside for goals or emergencies?
Saving
What is the term for the amount of money you owe?
Debt
What's owning part of a company through shares?
Stock
What does ATM stand for
Automatic Teller Machine
What's the term for a plan that tracks how you'll spend and save money?
Budget
When you buy something you don't need, what is that called?
Impulse purchase
What is the extra money you pay when borrowing money?
Whats a group of investments managed together called?
Portfolio
What is cryptocurrency
Digital currency where transactions are verified and records are maintained by decentralized systems
What do you call something you own that has value or makes you money.
Asset
What do you call the amount of money left after you pay your bills?
What's a report that shows your borrowing history
Credit report
What is the term for money earned from your investments
returns
What is the second most used currency in the world
euro
What is the opposite of an asset?
Liability
For an extra 100 points, is your house an asset or liability?
What is the average rule for saving
50, 30, 20 rule
What is a loan used to buy a home?
Mortgage
Diversification
Who is the chairman and CEO of Berkshire Hathaway
Warren Buffett