Scams
When someone uses a fake online identity to trick people emotionally or financially
What is catfishing?
An estimate of income, expenses, or changes in finances that is tracked over time
What is a budget?
Putting aside a portion of your income for future use, rather than spending it immediately
What is saving?
The 'Wage and Tax Statement' that reports an employee's income from the prior year and how much tax was withheld
What is a W-2?
Money stress can affect this part of your life, making it harder to focus or sleep
What is mental health?
When scammers send fake emails, texts, or messages to steal your personal info, passwords, or money.
What is phishing?
Spending money you don't have in your bank account can result in this
What is overdraft or overdraft fees?
Using money to purchase assets, like stocks or real estate, with the expectation of earning a profit or generating income over time
What is investing?
Form that a new employee fills about withholding from your paycheck for taxes
What is a W-4?
These are made spontaneously without prior planning or consideration, and usually due to a strong emotion or feeling
What are impulse purchases?
A fake “money-making” program where you earn money by recruiting others, not by selling real products
What is a pyramid scheme?
These all fall under this category: credit card balance, student or car loans, or mortgages
What are debts?
Low risk, low return; short-term goal with low returns
What is saving?
If you're a freelancer or have gig income, you might receive this tax form
What is a 1099?
Type of money personality that ignores their finances due to anxiety or fear
What is the avoidant?
When scammers promote a new cryptocurrency to get people to invest—then suddenly take the money and disappear.
What is a crypto rug pull?
Rule that helps divide your budget into needs, wants, and saving
What is the 50/30/20 rule?
Includes stocks, bonds and real estate, can increase capital
What is investing?
This federal document is used to file your annual income taxes
What is a 1040?
Pressure caused by difficulties in managing income and expenses, often leading to a perceived inability to meet financial needs and obligations
What is financial strain or economic stress?
An investment fraud that pays existing investors with funds collected from new investors
What is a Ponzi Scheme?
This is a cost that stays the same every month such as subscriptions or rent
What is a fixed expense?
The gain or loss on an investment over a specific period expressed by a percentage
What is a return?
Known as the deadline of filing your income tax return with the IRS
What is Tax Day?
A behavioral addiction characterized by an irresistible urge to shop and spend money excessively
What is shopping addiction or compulsive shopping disorder?