Category 1
401k
A plan used to save money for retirement
CASH FLOW
The amount of money that comes in and out your bank account
DEBIT CARD
Let’s you spend money from checking account without writing check
FEES
require the payment of (a specified sum of money) before it can be acquired or done.
LIABILITIES
the state of being responsible for something, especially by law.
APR
The cost you pay to borrow money
CHECKING ACCOUNTS
An account you have with a bank which checks can be drawn
PROPERTY TAX
A Tax paid on property owned by an individual or other legal entity, such as a corporation
FINANCIAL GOAL
a target to aim for when managing your money
LOAN
a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
APV
Annual percentage yield
CREDIT CARD
A card from the bank allowing the person to purchase good.
YIELD
how much income an investment generates, separate from the principaL
INCOME TAX
tax levied by a government directly on income, especially an annual tax on personal income
MINIMUM BALANCE
the minimum dollar amount that a customer must have in an account to receive some service benefit,
ASSET
Something you have with value
COMPOUND INTREST
Interest you earn on interest
EXPENSE
The cost requires for something
INTREST
the price you pay to borrow money or the cost you charge to lend money.
NET INCOME
the amount of money you bring home after taxes and deductions are taken out of your paycheck.
BALANCE
The amount of money you have
DEBIT
WHEN YOU OWE THE BANK MONEY
ESQUIFAX
Helps them establish general credit position
INVESTMENT
the action or process of investing money for profit or material result.
DEPOSIT
Money held at bank