Investments
A plan to put money to work today to obtain a greater amount of money in the future
What is an investment?
This term refers to money set aside to cover unexpected expenses, such as car repairs or medical bills.
What is an emergency fund?
The age you can/should apply for a credit card.
What is 18?
An account at a financial institution where you store your money while earning interest overtime.
What is a savings account?
The year The Ohio State University was founded
What is 1870?
This is the term for a payment made by a company to its shareholders, usually as a distribution of profits.
What is a dividend?
This type of expense does not change month to month, like rent or a car payment.
What is a fixed expense?
The percent of credit used per statement/billing period.
What is credit utilization?
This term refers to the money you owe a bank, typically through a loan or credit card balance.
What is a debt?
This popular board game involves buying, trading, and developing properties to bankrupt opponents.
What is Monopoly?
The term for shares/units of ownership in a company
What are stocks?
This is the term for the total amount of money you earn before taxes and deductions.
What is gross income?
The acronym for the yearly percentage rate of interest.
What is APR?
This type of savings account offers a higher interest rate compared to traditional savings accounts, allowing your money to grow faster.
What is a high-yield savings account?
This popular social media platform, founded in 2004 by Mark Zuckerberg, allows users to connect with friends and share updates, photos, and videos.
What is Facebook?
An employer-sponsored retirement plan.
What is a 401(k)?
This is the term for calculating your monthly take-home pay after taxes and deductions.
What is net income?
The highest credit score you can have.
What is 850?
A member-owned, nonprofit financial institution
What is a credit union?
This date in the United States is set by law as the day when federal elections are held, occurring on the first Tuesday after the first Monday in November.
What is Election Day?
A type of retirement savings account that offers tax-free growth and tax-free withdrawals in retirement.
What is a Roth IRA?
This is the financial term for expenses that can vary each month, like groceries or utilities.
What is a variable/flexible expense?
The top 3 credit reporting agencies.
What are Equifax, Experian, TransUnion?
This government agency insures deposits at banks, protecting account holders in case of bank failure, up to $250,000 per depositor, per bank.
What is the FDIC? (Federal Deposit Insurance Corporation)
This organelle is known as the "powerhouse of the cell" because it generates adenosine triphosphate (ATP) through cellular respiration.
What is mitochondria?