BANKS
A regulated financial institution that accepts deposits, pays interest, offers loans, and processes payments.
What is a bank?
The best time to start saving for retirement.
What is now?
This is when scammers impersonate legitimate entities via email, text, or phone to trick individuals into revealing sensitive information.
What is phishing?
The amount of money you save per month if you save 100% of your $100 paycheck.
What is $100?
A dedicated and easily accessible cash reserve primarily for emergencies.
Adding funds to an account.
What is a deposit?
A structured financial system designed to accumulate savings and assets for use after ending one's working life.
What is a retirement plan?
A type of key that you can remember and is not easily guessed by a human or computer.
What is a strong passcode?
The amount of money you save per month if you save 10% of your $200 monthly paycheck.
What is $20?
An IRS document employers use to report annual employee earnings, taxes withheld, and other benefits.
What is a W-2?
A type of account that is designed for frequent, daily spending via debit cards and checks with little interest.
What is a checking account?
An employer-sponsored retirement savings plan in the U.S. that allows employees to contribute a portion of their paycheck,
What is a 401(k)?
When you block new transcations on your credit card in case it gets stolen.
What is a credit card freeze?
The amount of money you save per year if you save 50% of your $100 monthly paycheck.
What is $600?
A formal, time-bound financial plan estimating income and expenditures, used to manage resources, control spending, and achieve goals.
What is a budget?
A digital service that allows customers to securely manage finances, transfer funds, pay bills, and view transactions 24/7 via a bank's website or mobile app.
What is online banking?
A retirement account designed for people who do not have access to workplace retirement accounts, such as the 401(k).
A deceptive, dishonest, scheme or trick used to swindle individuals out of money, property, or personal information.
What is a scam?
The amount of money you save per year if you save 25% of your $400 monthly paycheck.
What is $1200?
2 things the class discussed to figure out in the beginning of planning a trip after you have found a destination.
What are travel and hotel costs?
The monetary charge for borrowing money—generally expressed as a percentage, such as an annual percentage rate (APR).
An IRA that is not tax-deductible.
What is a ROTH IRA?
A free vacation that you find out about through text from a random person you do not know and they also stated you just won a car and 1 billion dollars from a giveaway you did not enter.
What is a scam?
When you go on a vacation and hotel, travel, food, misc. costs about $3000, the Financial Class stated that you should bring this amount of money on the trip.
What is $4000?
A recognized medium of exchange that allows for buying and selling without the limitations of barter.
What is money?