Types of accounts
This everyday account is designed for frequent transactions and typically comes with a debit card for easy spending.
Checking account
This is the amount you must pay each month to keep your account in good standing, even if you don’t pay the full balance.
minimum payment
This type of fund tracks a market index like the S&P 500 and typically has low fees
Index fund
You can open an account through a ______. This gives you access to invest
Brokerage
This term describes money you earn from working, such as wages or salary?
Earned Income
This workplace retirement account lets you invest pre‑tax dollars and often includes an employer match.
401k
This number printed on your card is used to verify online purchases and is usually three or four digits long.
CVV
A long-term investing strategy of buying regularly regardless of price is called?
Dollar cost averaging
The most popular brokerages include (top 3)
Fidelity, Charles Schwab, and Vanguard
This three‑digit number affects your ability to borrow money and the interest rate you’ll pay.
credit score
This retirement account uses after‑tax contributions so your withdrawals in retirement are completely tax‑free.
Roth-ira
Paying only the minimum on a credit card usually makes you pay more of what?
Interest than potentially principal
This term describes the profit you make when you sell an investment for more than you paid.
Capital gains
How much should I invest as a college student?
It depends!
This type of tax is taken out of your paycheck to fund Social Security and Medicare.
Fica tax
This account tied to high‑deductible health plans offers triple tax benefits and can even act like a stealth retirement account.
Health savings account
This fee is charged when your balance exceeds your card’s limit, though many modern cards have eliminated it.
over-limit fee
This type of fund pools money from many investors to buy a basket of stocks or bonds and is professionally managed.
Mutual fund
Students should ___ _ ___ in order to get money.
Get a job
This financial statement shows what you own, what you owe, and your net worth.
Often referred as a financial "snapshot"
Balance Sheet
This education‑focused investment account grows tax‑free and can now even roll unused funds into a Roth IRA under certain limits.
529
This little‑known credit‑card feature lets you lock in a fixed interest rate on a portion of your balance, essentially turning part of your revolving debt into a structured installment loan.
credit card installment plan or fixed‑rate loan option
This term describes the portion of an investment’s return that comes from dividends rather than price appreciation.
Dividend yield
How should I determine whether to invest or whether I should pay off debts?
Compare interest rates, look at how long it'll take you to pay off the debt, understand in the long run which while provide a higher return.
This type of loan is backed by collateral, such as a house or car.
Secured Loan