Spending
Something you need for basic real world survival like water
What is a Need?
Places that store, lend, exchange, and manage money
What is financial institutions?
A downside of being an independent contractor or 1099 employee
What is no job security or company benefits OR must save enough money for taxes yourself?
What is PII?
Designer shoes or a video game is an example of this
What is wants?
Has lower fees and higher interest rates
What is credit union?
A tiny piece of ownership in a company
What is stock?
A benefit of being a W2 employee
Another name for a credit score
What is FICO score?
A financial report card on how reliably you pay back borrowed money
What is credit score?
This type of financial institution is good for frequent travelers
What is commercial bank?
What is cash?
A cashier that works at a retail store whose employer decides what, when, and where they work is what type of employee
What is W2/payroll?
"Only 3 items left! Deal expires in 5 minutes!" is an example of what advertising tactic
What is artificial scarcity?
The second best choice that you give up when you make a purchase
What is opportunity cost?
Qualification to a credit union by living, working, or studying in a specific local area or community group
What is field of membership?
What is face value?
You start a neighborhood business washing cars. You set your own hours and use your own tools. The companies that hire you send you 100% of your gross pay.
What is independent contractor?
You receive a random text message claiming your digital gaming account has been hacked and you must click a link immediately to type in your password. This dangerous identity fraud trick is called
What is phising?
Looking past the big font on the front of a price tag and calculating the actual cost per ounce or per item to find hidden value
What is unit pricing?
Like a commercial bank, but a not for profit institution that stores, lends, exchanges, and manages money
What is credit union?
You spent all your money on squishy toys because you think their value will go up and you can sell them for more money.
What is speculative investment?
You work at a local pet store and earn a total of $100 on paper. This total numberbefore any taxes are taken out is called your
What is gross income?
In qualifying accounts, government guarantees your money up what amount if the institution goes broke?
What is $250,000?