Banking
This type of account is connected to your debit card
Checking Account
This is a share of ownership in a company, granting you a stake in its assets and profits. You can buy and sell these shares.
Stock
The amount borrowed to someone for a loan
Principal
A record of how you've managed loans and payments over time
Credit Report
Money you borrow for college and need to repay
Student Loans
A monthly fee that some banks charge to keep your account open
Maintenance Fee
This investment type automatically adjusts your investments based on planned retirement year
Target Date Fund
An initial payment made when buying something expensive, such as a house or car
down payment
What is the biggest piece of advice you would give someone new to using a credit card that would give them the best possible credit score
Pay in full and on time
Sticker price - gift aid =
Net price
This federal insurance program protects the money you deposit in member banks up to $250,000 per depositor, per bank
FDIC
This strategy involves spreading investments across different assets to reduce risk
diversification
the lowest amount you can pay on your monthly credit card bill to remain in good standing
Minimum Payment
Name one thing (there are 5) that affects your credit score.
Payment history (35%)
Total Debt (30%)
Length of credit history (15%)
Credit mix (10%)
New credit (10%)
The form submitted by students to determine their eligibility for financial aid
FAFSA