Credit
A record of your credit history. Outlines how you've managed payments and credit accounts overtime.
What is a credit report?
A payment required by the government to help fund public services.
What is income tax?
Moving money from one account to another.
What is a transfer?
A plan for how to save and spend money.
What is a budget?
Being paid every week, resulting in 52 paychecks per year.
What is weekly pay?
A prediction of how likely you are to pay back a loan on time based on your credit report.
What is a credit score?
A tax that you pay to the government of a state rather than the federal government.
What is state tax?
A document provided by a bank summarizing the financial activity in your account over a specific period, typically a month.
What is a bank statement?
Setting aside money to have on had for unexpected expenses and events
What is an emergency fund?
The total amount of money an employer pays an employee for a year of work.
What is an annual salary?
A period of time before interest starts accumulating on charged purchases.
What is a grace period?
The agency in the United States that collects federal taxes.
What is the IRS (Internal Revenue Service)?
The cost of borrowing money or the return on an investment.
What is interest?
Calculate this by taking the total amount of money and assets you have and subtracting the total amount of money you owe.
What is a net worth?
The initial amount of money you earn in a paycheck (before taxes).
Gross pay