I've Got the Money!
Money deposited into your checking account directly by your employer.
This card is used to buy every-day items and you do not have to pay interest on your purchases
Debit Card
This is the money you bring IN each month.
What is Income
When you get a loan from a bank, you have to
What is pay it back
The amount of money you take home after deductions.
What is Net Income
Jackie is looking online and finds a new iPhone she just has to have. Need, or Want?
What is a want
All together, utilities, insurance, food, entertainment, are know as what?
What is expenditures
When you get a loan from a bank, not only do you have to pay the money you borrowed but you also have to pay this
What is interest
This is money that is taken out of your paycheck for things such as insurance, taxes, etc.
Deductions
Using this card for small purchases and paying it off each month can build your credit score.
What is Credit Card
You are spending over half of your income on rent because you live downtown within walking distance from your job. What is an option to consider to pay less on rent?
What is move farther away from work
When you want to buy a car, you can talk to the bank about getting this type of loan
What is a car/auto loan
This is the amount you make per hour (example: $20) x the number of hours you work per week (example: 40 hours) before any money is taken out of your check.
What is Gross Income
This is something you pay monthly to survive, like food, water, utilities. Need or Want?
Need
You are working for JCPenny and you are late every day. What might happen?
What is lose my job
When you want to buy a house and it costs more money than you have, this is the type of loan you can talk to the bank about.
What is a mortgage
This is something a Savings Account can earn, even though it may not be that much
What is interest
This monthly plan helps you to know how much is coming in and how much is going out each month. It keeps you on track with your spending.
What is a Budget
You are early every day, work hard, wear clean clothes and are always nice to customers. What will most likely happen?
What is keep my job
You must pay loans every month, by their due date or your credit score will go
What is down