Foundations of Financial Literacy
Enabling them to make wise financial decisions
What does this help with
Earning from sources other then work
unearned income
Money added to a emplpyes base pay
Bonus
Total income before payroll deduction
Gross pay
Organization that provides services dealing with money
Finnacial institution
History of Finance, Taxes, Wealth, Social Security Crisis of Ethics, Food and Drug Safety, Car Loans
What are words that are the History of Finance
Item of value that is owed
Asset
Income paid as a percentage of sales made by a sales person
commision
License authirizing a bank to operate
Charter
Money
The most important requirements for making personal finance decisions is knowing yourself
The most importent thing in financial litaricy
Donation of money, gifs or personal time
Charitable contribution
Wages or salaris beneifits paid to employes
type of commerical back that is localy owend and operate
Amount calculated using the principlal plus the intrest it earns
compound intrest
Having the ability to understand basic topics related to finance
What does being financially capable mean
Organization that helps people in need
Charity
individual that relies on someone else for finnachial support
Dependent
signeture on the back of a check
Endorsment
Amount of money originally borrowed or deposited
Include cost-benefit analysis and marginal analysis
What are some Economic decision-making tools
Information
Data
Paid directly from the goverment form the taxpayer
Direct tax
Process of transfering money from one person or company to another
Financial exchange
Intrest earned only on the principle
simple interest