1
what type of account usually earns higher interest than checking accounts?
saving
this is money that you borrow and must pay back, often with interest.
loan
What is money set aside for unexpected expenses
Emergency Fund
What is Fafsa?
used to apply for financial aid for college
____________________ withholding is money taken from paychecks for taxes.
tax
a ____ allows people to buy shares of ownership in a company
stock
_____ income is the amount earned before taxes are taken out
Gross
The _____ is where stocks are bought and sold
stock market
What are some banks you can get accounts at?
Bank of America, Wells Fargo, SECU, First Citizens
This is the money you earn from working a job, usually paid as a salary or hourly wage.
income
This is extra money paid for borrowing money, usually shown as a percentage.
interest
_____ do not need to be repaid
Grants and Scholarships
The ____ determines how much extra money is paid when borrowing
interest rate
A ____________________ pathway usually requires training or education after high school.
career
A _____ account is typically used for daily spending and debit card purchases
a written plan that tracks income and expenses is called .....
Personal Budget
____________________ interest is earned on both the original amount and previously earned interest
compound
A ____ score is used by lenders to judge how risky it is to lend you money
credit
Whats the benefit of creating a budget? What does that prevent
Overspending
a ____ is money borrowed that must be repaid with interest
loan
____ interest is earned on both the original amount and previously earned interest/
compund
a ____is considered a lower risk investment
government bond
paying yourself means saving money _____ spending
before
A ____________________ budget assigns every dollar a job.
zero-based
a ____ offers opportunities for advancement and growth
career