Show Me Da Money
This is the "extra" money a bank pays you just for keeping your money in a savings account
What is "Interest"
Rent/Car Insurance/Medical Insurance are examples of this type of expense because the cost stays the same every month.
What are Fixed Expenses
The original amount of money you borrow in a loan, not including interest charges
What is the "Principal"
Buying Something without plan or need, often due to emotions or clever marketing
What is Impulse Buying?
This is the meal chef made for lunch yesterday
What is fish filets and pineapple rice
Often called a safety net, these funds are used to pay for unexpected things like a flat tire or a broken phone.
What is an Emergency Fund?
This is the ACTUAL amount of money you take home in your paychecks after taxes are taken out.
What is Net-Pay (or Take-Home-pay)
This 3-digit number tells lenders (people giving you money) how "trustworthy" you are and determines if you get a low or high interest rate.
What is a Credit Score?
To find the best deal, shoppers use this method of checking the price per ounce or gram, usually found in small print
What is Unit Pricing
This is Naruto's signature move
What is Rasengan
(bonus points if you said sexy jutsu instead)
This is what happens when you begin to use interest on your original money PLUS the interest you've already earned .
What is Compound Interest?
A video game console is considered one of these, while a winter coat in a snowy climate is considered a "Need"
What is "Want"
This type of loan requires putting up an asset (car/home/first born child) that the lender can take if you do not pay back the loan.
What is a Secured Loan.
This general term for when an asset, like a car/phone/belt/etc. loses value over time due to wear and tear
What is Depreciation?
The kind of devil fruit did Luffy ate
What is Gum Gum Fruit
This is the strategy of putting money into your savings account as soon as you get paid, BEFORE spending on anything else.
What is "Paying Yourself First".
The invisible thief that causes the price of goods to go up over time, meaning your $1 buys less today than it did ten years ago
What is Inflation
Known by this 3-letter acronym, it represents the total yearly coast of borrowing money, including interest and fees
What is APR (Annual Percentage Rate)
The amount of value estimated to be lost the instant you drive a car off of a dealership lot
10-20%
This Marvel Character is known for slaying vampires with 90's type underground techno beats playing in the background.
Who is Blade?
This Federal Agency protects your bank deposits (up to $250,000) in case the bank goes out of business.
What is the FDIC
This term meaning you spend more than you actually have in your bank account
What is an overdraft?
Spreading your money across different assets (stocks/Investments/Savings) to reduce the risk of losing everything if one of them fails.
What is Diversification?
This is the estimated amount you could sell an item after you've finished using it; for many clothing items this is near zero.
What is Resale Value (Salvage value)
This is the meaning of life according to The Hitchhiker's Guide to the Galaxy.
What is "42"