Banking Scenarios
You spent $50 on a pizza, but only had $40 in your account. The bank charges you this.
Overdraft Fee
You want to buy a house but have a low credit score; you look for this type of loan.
Government-insured loan
You signed a contract to paint a house but never showed up to do the work.
Breach
You notice a $500 charge in another state that you didn't make.
Identity Theft
You earned $15 an hour for 10 hours, so your paycheck says $150 before any taxes.
Gross Pay
You want to join a financial institution where you are a part-owner, not just a customer
Credit Union
You need money for one week and go to a place that charges 400% interest.
Payday Lender
You need a legal witness to watch you sign your name on a power of attorney document.
Notary Public
You are buying insurance to make sure your family is financially okay if you pass away.
Life Insurance
You are looking at a house and realize you'll need to pay the lender back for the next 30 years.
Standard Mortgage
ou agree to lock your money away for 2 years to get a higher interest rate.
Certificate of Deposit / CD
You check a number between 300 and 850 to see if you qualify for a low-interest car loan.
Credit Score
You are filling out a form on your first day of work to decide your withholding.
W-4
You are worried about the cost of living in a nursing home when you get much older.
Long-term Care Insurance
You are checking to see if your "Single" or "Married" status puts you in a higher tax bracket.
Filing Status
ou use a card at a gas station that takes the cash out of your checking account instantly.
Debit Card
You use a card that lets you buy a TV now and pay it off over the next few months.
Credit Card / Open-end Credit
You check your mail in January to find the form that shows your total yearly earnings.
W-2
You want a policy that covers your "regular" doctor visits and checkups
Health Insurance
After taxes were taken out, the amount you actually get to spend is this.
Net Pay
You are looking at your paper records and comparing them to your digital bank statement.
Balancing a Checkbook
You want to know how many years it will take to double your $1,000 investment.
Rule of 72
You are claiming your young child on your tax return because you pay for their food and housing.
Dependent
You take a class to improve your driving and your insurance company gives you a discount.
Safe Driving Course
You are calculating interest on your $100 deposit plus the $5 interest you earned last year.
Compound Interest