Financial Literacy

3 Syllable words

100

The money that you originally agreed to pay back

Principal

200

The money you may have available after taxes and deductions are taken out of your paycheck

Net Income

300

A prediction of your credit behavior, such as how likely you are to pay back a loan on time, based on information from your credit reports.

 Credit Score

400

A legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations

Bankruptcy

500

Money given in the form of grants, work-study, loans, and scholarships to help pay for post-secondary tuition and fees, as well as related expenses such a room and board, books, supplies, and transportation

            A: Down Payment

            B:Debit Card

            C: Financial aid

C: Financial aid

Words that start with D

100

A financial liability or obligations owed by one person, the debtor, to another, the creditor

Debt

200

The cash that the buyer pays upfront in a real estate transaction and other large purchases

Down Payment

300

The reduction in value of an asset over time

Depreciation

400

Placing money into the care of a bank or other financial institution 

Deposit

500

A payment card that deducts money directly from a consumer's checking account when it is used

                             A:Down Payment

                             B:Deposit

                             C:Debit Card

C: Debit Card

Words that end with S

100

Mandatory contributions levied on individuals or corporations by a government entity

Taxes

200

Compensation paid to employees in exchange for their time and labor

Wages

300

An expense in your budget that you can expect to stay the same, or close to it, over time

Fixed expenses

400

Expenses that change in amount from month to month

Variable Expenses