Fintech Industry
This mobile app is popular among college students for sending and receiving money instantly.
Venmo and/or CashApp
The total amount of student loans, credit card debt, and other borrowed money a person owes.
debt
This financial aid form must be filled out annually to receive federal grants and student loans.
FAFSA
College students can start investing early with this type of retirement account designed for individuals.
Roth IRA
This type of expense, like rent or car payments, remains the same each month
Fixed expense
This fintech platform allows users to invest spare change from everyday purchases.
Acorns
Money given to college students that does not need to be repaid
grant or scholarship
The year the Great Depression began after the stock market crash
1929
A stock that regularly pays investors a portion of its profits is called this.
Dividend stock
College students with little or no credit history may need this to qualify for a loan or apartment lease.
A co-signer
College students can use this type of AI-powered tool to automate budgeting and track spending habits
personal finance app
The type of student loan that does not accrue interest while the borrower is in school
Subsidized loan
The largest single-day percentage drop in the Dow Jones Industrial Average, occurring in 1987.
Black Monday
A low-cost, diversified way to invest in the stock market without picking individual stocks.
index fund or ETF
Many employers offer this type of benefit where they match contributions to your retirement savings.
401(k) match
The term for using algorithms and data analysis to provide automated investment services with minimal human intervention.
robo-advising
The amount of money you must pay before insurance covers the rest.
Deductible
Missing a payment on a credit card can result in this financial consequence
a late fee and a drop in credit score
The bond rating agency known for grading creditworthiness from AAA to D.
Moody’s (or Standard & Poor’s)
The credit utilization ratio should ideally be below this percentage to maintain a good credit score.
30%
Buy Now, Pay Later (BNPL) services like Afterpay and Klarna offer short-term installment plans. What’s the biggest financial risk they pose
Accumulating debt due to overspending?
A financial contract that derives its value from an underlying asset, index, or security.
Derivative
The economic theory that suggests government spending and tax policies can influence economic stability.
Keynesian economics
The concept that time in the market is more valuable than trying to predict short-term stock movements.
Long-term investing
This type of tax is deducted directly from a worker’s paycheck to fund Social Security and Medicare.
FICA tax