Credit Cards
a short term loan from a bank
What is a credit card?
A way to take control of your spending.
What is a spending plan?
Putting money away for the future.
What is saving?
Pay to the order of
What is the payee
A card connected to a checking account
What is a debit card?
The least amount of money you can pay on a credit card.
What is minimum payment?
Keeping track of your daily spending.
What is a daily spending diary?
Moving money from one account to another.
What is a transfer?
The signature on the back of a check
What is the endorsement
Groceries, gas, clothing and restaurant tabs
What can a debit card pay for?
Annual Percentage Rate.
What is APR?
Salary, allowances and tips.
What are sources of income?
Federal Insurance Contributions Act
What is FICA?
The information in the top left hand corner.
What is name and address?
the bank
Where do I get a debit card
an amount you pay if you are late paying your credit card.
What is a late fee?
Cell phone bill, car payment, eating out.
What are expenses?
A score from 350-850.
What is a FICO score?
The numerical number on the check in the small box.
What is the check amount?
Money that is paid for using out-of-network ATMs
What are ATM fees?
The total amount from the previous month?
What is the previous balance?
Needs, Wants, ESI
What is the 50/30/20 rule?
Money you can start getting at 62.
What is Social Security?
The series of numbers at the bottom of the check.
What is the routing number
Point of Sale
What is POS?