Budgeting/ saving money
Type of account used for keeping money safe while earning small amounts of interest
What is a Savings account?
Three-digit number that tells lenders how trustworthy you are to borrow money from
What is a credit score?
A share of a company that increases or decreases in value
what is a stock?
Mandatory payment individuals make to the government, state, or locally in their place of residence?
What is a Tax?
Federal tax deadline day for most americans
What is April 15?
Saving 3-6 months worth of expenses in this type of fund
What is an emergency fund?
Money you owe to a lender like student loan and credit card
What is Debt?
Buying stock and hoping the price goes up, so you can recieve this
Capital gains
A larger tax payed on products or services considered unhealthy like tobacco and alcohol.
What is a sin tax?
US first secretary of treasure who appears on the $10 dollar
Who is Alexander Hamilton?
Type of expense that stays the same each month
Fixed expense
Maximum amount you can borrow on a credit card
what is a credit limit?
Stocks that preform best during recessions, depressions and when the economy is not doing well
What is a defensive stock?
Most U.S citizens fall within this tax bracket meaning that they made between $11,601-$47,150 for single filers in 2024
What is the 12% tax bracket?
Word for the measure of how quickly an asset can be converted into cash without losing value
What is liquidity?
Amount of money left over after paying for essentials
What is disposable income?
A way to build credit is by making small purchases, such as gas ( $50-$200) and then doing this 2-3 days before the due date
what is paying off the balance in full?
A company who has stocks available for the general public to buy and sell
What is a Publicly traded company?
Investing money for many years so it grows through interest on interest is called
What is compound interest?
Because of this discriminatory practice black and hispanic families were denied mortgages which made homeownership harder
What is redlining?
High-yield savings accounts differ from a regular savings account because it offers more of this
What is Interest?
When someone uses your personal information to open accounts or borrow money in your name, it's called this
what is identity theft?
Two of the biggest U.S Places where a publicly traded company can sell their stocks and provide a market for the public to buy and sell them
NYSE and NASDAQ
Portion of your paycheck taken out by your employer to pay for government services like social security, medicare, and income tax?
What is Tax withholding?
The thriving black business district in Tulsa,Oklahoma, in the 1920s was nicknamed this before it was destroyed in a 1921 attack
Black wall street