Money Management
A plan that shows how much money you get and how much money you spend.
a Budget
Things you must have like food or a place to live
needs
You get this money from having excellent grades, being good at sports, or having a special talent and you never have to pay it back.
a scholarship?
The actual price you pay just for your classes and teachers.
tuition
Money you owe someone else.
Debt
Things like toys or candy that you don’t actually need.
wants
Money borrowed from the government or bank to pay for school but must be payed back later with intrest.
a Loan
College student live here during the school year, costing a few thousand dollars.
dorms
Where you should put money for emergencies.
a savings account
This card takes money out of your account immediately.
a debit card
A type of “free money” from the government given to students with high financial need.
a Grant?(ex. Pell Grant)
you pay for this at the start of the school year to get swipes into the cafeteria instead of paying for every meal.
a meal plan
Extra money you have to pay back when you borrow from a bank
intrest
This card lets you borrow money to buy things now but you have to pay it back later.
a credit card
A big online form that you and your parents fill out in 12th grade to see if you can get financial aid.
FAFSA
Expensive materials that are used in class to lean better.
textbooks
Money you earn from doing a job
income
Paper you get after you‘ve bought something that proves you paid for it.
a receipt
If you have this, your college give you a part time job on campus to help you earn money.
work-study
Extra charges on your student bill to pay for things like campus gym and health center.
student fees