Credit
Paying your credit card late may cause this extra fee or higher cost.
What is interest (or a late fee)?
This is the amount of money you pay upfront when buying a car.
What is a down payment?
Money put into a bank account or investment that earns extra money over time is called this.
What is a interest?
This document shows your earnings and deductions each pay period.
What is a pay stub?
Putting money aside for future use is called this.
What is a savings?
This happens to your credit score if you consistently miss payments.
What is it goes down (or decreases)?
This additional cost is required in most states to legally drive your car.
What is car insurance?
A piece of ownership in a company that you can buy and sell is called this.
What is stock?
This tax is taken from your paycheck to fund retirement benefits.
What is Social Security tax?
This happens when prices increase over time, reducing purchasing power.
What is inflation?
Keeping your credit card balance below 30% of your limit improves this.
What is your credit utilization ratio?
This number shows the percentage cost of borrowing money for your car loan.
What is APR (Annual Percentage Rate)?
Money you earn from stocks, usually paid to shareholders, is called this.
What is a dividend?
This retirement savings plan is commonly offered by employers.
What is a 401(k)?
Money put into investments that grows over time without needing daily management is called this.
What is passive income?
Closing old credit cards can hurt your score because it shortens this.
What is length of credit history?
This document proves you legally own a vehicle.
What is a car title?
This type of investment represents a loan you make to a company or government in exchange for interest payments.
What is a bond?
These documents are used to apply for jobs and include your skills, education, and work experience.
What is a resume?
Sarah wants to buy a $1,200 laptop but only has $300 saved. She decides to save $100 per month. How many months until she can buy it?
What is 9 months?
This legal status can remain on your credit report for up to 10 years.
What is bankruptcy?
If the stock market generally increases over time, this trend is happening.
What is an upward trend (or bull market)?
Sarah’s employer contributes $50 each month to her 401(k). This extra money is called…
What is employer match?
This type of bank account allows you to spend money easily using a card or check
What is checking account?