Borrowed money.
What is Credit or Loan?
Possessions that increase your Networth.
What is an Asset?
The amount required to start a college savings account.
What is $25?
The lowest level of financial institution. We often see them in underserved communities.
What is the Check Cashing/Cash Advance?
This Rule says: Divide the number 72 by the interest rate and this will tell you how long it takes your money to double.
What is the Rule of 72?
Highest denomination of American Currency.
What is the $100 bill?
Possessions that decrease your Networth.
What is a Liability?
The main type of account used to save money for students college education.
What is a 529 College Savings Plan?
The most common type of financial institution, often where we receive our direct deposit.
What is the Bank?
This rule says the longer you wait to save, the more in interest you lose over time.
What is The High Cost of Waiting?
President on the $50 bill.
Who is Ulysses S. Grant?
Money you have worked for and earned through some level of employment.
What is Earned Income?
Application completed to qualify for federal financial student aid.
What is FAFSA?
Some people will build relationships with this institution in an effort to receive better benefits than the bank.
What is a Credit Union?
When your money away and the interest is reinvested to create more growth.
What is Compound Interest?
Where most people receive direct deposit.
What is the bank?
Your assets minus your liabilities.
What is Networth?
$34,790 and $20,310
What is the "net price" families are paying for the 2023-2024 academic year?
This type of financial institution is established with an objective to grow the client's money.
What is an Investment Firm?
An amount of money paid to the state and/or the government from your wages based on money earned.
What is Income Tax?
Money owed.
What is debt?
The understanding of financial concepts and skills such as budgeting, investing, borrowing, taxation, and personal financial management.
What is Financial Literacy?
To meet minimum admission requirements, you must complete 15 yearlong high school courses with a letter grade of C or better — at least 11 of them prior to your last year of high school.
What are A-G requirements?
This type of financial institution also sales income protection plans and annuities which are comparable to pensions.
What is a Life Insurance company?
The act of leaving your job at the end of your career.
What is Retirement?