Credit
This document, provided by bureaus like Experian, Equifax, and TransUnion, lists your borrowing and repayment history.
What is a credit report.
This is putting money into something to earn more money over time.
What is investing?.
This is setting aside money for future use.
What is saving?
This a plan for how money will be spent and saved.
What is a budget.
This provides protection against financial loss.
What is insurance.
You can get one free copy of this report annually from each of the three major bureaus through AnnualCreditReport.com.
What is a credit report.
This represents ownership of a small part of a company.
What is stock.
This is money saved for unexpected expenses.
What is an emergency fund.
This involves keeping track of where money goes.
What is tracking expenses.
This is the amount paid regularly to keep insurance coverage.
What is a premium.
Checking your report from these companies helps you spot errors and signs of identity theft.
What are three credit bureaus.
This is the chance that an investment could lose value.
What is risk.
This is one benefit of saving money before spending it.
What is avoiding debt.
This type of expense stays the same each month.
What is a fixed expense.
This is the amount paid out-of-pocket before insurance helps.
What is a deductible.
Lenders, landlords, and even some employers use this to assess risk before extending credit or renting.
What is your credit history.
This is spreading money across different investments to reduce risk.
What is diversification.
This is earning interest on both the original amount and past interest.
What is compound interest.
This budgeting rule splits money into needs, wants, and savings.
What is the 50/30/20 rule.
This explains why people buy insurance instead of paying for emergencies alone.
What is reducing financial risk.
If you find a mistake, you should dispute it in writing with the bureau that reported it, providing supporting documents.
What is disputing an error on your credit report.
This explains why stocks usually earn more than savings accounts long-term.
What is higher risk for higher potential return.
This explains why saving money in a bank is safer than keeping cash at home.
What is security and earning interest.
This is one way budgeting helps reduce financial stress.
What is better money control.
This describes how insurance protects against large unexpected costs.
What is sharing risk.