Education, Career & Income
Gross Income
What is the term for the TOTAL amount of money (income) you make in a job, before taxes & deductions?
Mattress Money
Cash/money that is not in a savings/bank account and earning interest.
Down Payment
Cash available at the time of purchase to put toward a large purchase such as a house or car
Bitcoin
A Digital currency that is not regulated by a bank.
Chocolove
Ms. Sands' favorite chocolate
FAFSA
What is Free Application For Student Aid?
Debit Card
A Visa/Mastercard that deducts $$ from a checking account immediately.
Repossession
Stock Market
A place where people buy and sell stock and investments in a company. Examples, NY Stock Exchange, NASDAC
Identity Theft
When some uses your credit cards/identity to make purchases illegally.
April 15th
Savings Account
An account in a bank that earns interest & might require a minimum deposit.
Mortgage
A loan to buy a house
Sustainable Investing
Investing in companies that focus on improving the environment or climate change.
Snoopy
Ms. Sands' favorite cartoon
Net Income
Your "take home pay" after tax deductions and other deductions from your paycheck.
Earns more interest than a savings account but you can't access your money right away.
Credit Score
A rating of your credit worthiness based on your credit history and how well you pay your bills.
Assets
Property that you own that is not part of your debt.
Bull & Bear Markets
Bull Market = when the economy is good. Bear Market when the economy is not good.
Vocational School
Education specific for a job, like mechanic, electrician, etc. that is not part of a university or college.
Retirement Account
A type of savings that can't be accessed until after 63 years old.
Bankruptcy
a federal court process to eliminate debt
Collateral
Something you own (asset) that you can use to secure a loan. If you default on your loan, the bank (lender) will take your collateral.
Loan Shark
A person who makes money by selling high interest loans to customers. A "predatory" lendor.