Banking
One of the factors people use when choosing a bank.
What is location, convenience, rates, or fees?
This is something that you can't live without.
What is a need?
These are the names of the 3 major Credit Reporting Agencies/Bureaus:
What are Experian, Equifax, & Transunion?
This is the best time to begin saving for retirement.
What is As Soon As Possible?
Something you would like to have but could live without.
What is a Want?
A financial institution that takes deposits, engages in and operates for profit.
What is a bank?
This may include your paycheck, child support, alimony, self- employment income, investment income, and/or other income.
What is your source of income?
This is the best way to protect your credit rating.
What is paying your bills on time?
These are TWO types of interest.
What are Simple Interest and Compound Interest?
This is one place you can* receive free financial services (in Largo, MD)
What is the Financial Empowerment Center at PGCC?
The cost of borrowing money.
What is interest?
The term used to describe the things you spend your money on.
What are expenses?
This is the best way to reduce your credit card debt
What is paying more than the minimum payment required?
This is the purpose of a savings account (which differs from a "CHECK"ing account)
What is to SAVE money?
System where banks and credit unions learn how you've handled accounts in the past.
What is ChexSystems?
Paying bills online, checking bank or credit union accounts online or on an app.
What is internet banking?
A spending plan to help you plan and control your expenses.
What is a budget?
This is how credit card companies make a profit.
What is by charging interest & fees (i.e. finance charge, late fees, account maintenance fees)?
Retirement, Education, Homeownership, Vacation, Birthdays, Weddings, and Weekend Plans are all examples of what TYPE of goals (depending on when you start planning!)
What are Long-Term & Short-Term Goals?
This website for the Financial Empowerment Center at Prince George's Community College allows you schedule your own appointment for services
What is www.pgcc.edu/go/fec
This happens when you spend more money than is in your account.
What is overdraft?
Shopping around and comparing prices; bringing lunch to work; and shopping at discount stores are some examples
.
What are ways to save money?
What is www.annualcreditreport.com?
This savings product is similar to a Savings Account, except it does not allow multiple withdrawals; instead, it features a DEPOSIT amount, INTEREST rate, and TERM.
What is a Certificate of Deposit (CD)?
This is something every spending plan should have
What are FINANCIAL GOALS!