Getting that money
Something that you get when you do a job (for example- postman, farmer, chef)
What is a paycheck?
An account you put a small part of your paycheck into to save for a rainy day.
What is a savings account?
The ability to borrow money under the agreement that you pay it back later.
What is credit?
A loan to help you buy a home.
What is a mortgage?
The college campus that we are on.
What is Fresno State?
Things that the government will take out of your salary.
What are taxes?
What putting money into your savings account is called.
What is depositing?
Something you get from the bank in order to make a large purchase. For when you don't have enough money to buy it up front.
What is a loan?
How often you have to pay your mortgage.
What is every month?
What we have learned this week in class.
What is financial literacy?
All the money you earn for doing a job before any is taken away.
What is gross pay?
What taking money OUT of your savings account is called.
What is withdrawing?
A number between 300 and 850 that tells someone how likely you are to pay back a loan.
What is a credit score?
Someone other than the bank that can loan you money.
What is a lender?
The game that we have been playing all week.
What is Budgetville?
The amount of money out of your salary that you actually get to keep to spend.
What is net pay?
Things that we need money for.
What are wants and needs?
The initial amount of money borrowed on a loan.
What is the principle?
The initial amount of money you put DOWN when you are buying a house
What is a down payment?
Ways that you can earn money in class
What are answering questions?
What is completing goals?
What is sales tax?
The money that accumulates on a loan or in a savings account over time.
What is interest?
Some things that affect the interest rate you will get on a loan (there are 4). You only need to give me one example
What is how much money you borrowed?
What is how good you are at paying back money (credit score)?
What is how much money you put down initially?
What is the kind of loan you were given?