Intro to Banking
This type of bank account is used for everyday spending like swiping a debit card.
(What is a checking account?)
This number helps lenders decide how risky it is to lend you money.
(What is a credit score?)
This is something you must have to live, like food or housing.
(What is a need?)
This is the difference between renting and owning a home.
(What is ownership vs paying rent?)
This is money you set aside for future needs or emergencies.
(What is savings?)
This account helps your money grow and is better for saving than spending.
(What is a savings account?)
This type of card lets you borrow money that you must pay back later.
(What is a credit card?)
This is something you want but can live without.
(What is a want?)
This is a loan people use to buy a house.
(What is a mortgage?)
This is using money to try to make more money over time.
(What is investing?)
This is when your paycheck goes straight into your bank account.
(What is direct deposit?)
This habit helps your credit score more than almost anything else.
(What is paying your bills on time?)
This plan helps you decide where your money should go each month.
(What is a budget?)
This is money you pay upfront when buying a home.
(What is a down payment?)
This concept explains why starting early with money matters.
(What is compound interest?)
This happens when you try to spend more money than you have in your account.
(What is overdrafting?)
This can happen if you miss payments or carry too much debt.
(What is a lower credit score?)
This phrase means saving money before spending it.
(What is “pay yourself first”?)
This financial factor can make it easier or harder to buy a home.
(What is your credit score?)
This is a reason people invest instead of only saving.
(What is to grow wealth faster?)
This is one reason banks are safer than keeping cash at home.
(What is fraud protection / security?)
This is one way bad credit can affect your future.
(What is higher interest rates / trouble renting or buying a home?)
This shows how small daily spending can turn into big costs over time.
(What is spending adding up?)
This is one long-term benefit of owning a home.
(What is building equity / long-term stability?)
This is one goal people commonly save or invest for.
(What is college, a car, a home, or retirement?)