Banking
A bank account that earns interest over time.
What is a Savings Account
A type of loan that helps people buy a car.
What is a Car Loan?
A retirement savings plan sponsored by an employer. It lets workers save and invest a piece of their paycheck before taxes are taken out.
What is a 401K Plan?
A crime/scam where someone wrongfully obtains and uses another person's personal data in some way that involves fraud or deception.
What is Identity Theft?
A written record of income and expenses during a specific time frame, typically a year.
What is a Budget?
A bank account that allows easy access to your funds for daily transactions.
What is a Checking Account?
A type of loan that helps people buy a house and/or real estate.
What is a Mortgage?
Money saved for the period in life after one stops working.
What are Retirement Savings?
A scam that requires someone to recruit people, then those people will recruit people, and so on. Typically known as a shape.
An obligation to repay an amount you owe.
What is Debt?
A card that deducts money directly from a consumer's checking account to pay for a purchase.
A card for deferring (putting off) payment, allowing a person to purchase goods and pay for them later (with interest).
What is a Credit Card?
A type of individual retirement account that lets your earnings grow tax-deferred. * You pay taxes on your investment gains only when you make withdrawals in retirement.
What is a Traditional IRA?
Scammers will pretend to be your bank and will ask for your banking info like account numbers, PIN codes, and social security number.
What is a Banking Scam?
Mandatory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization.
What are Taxes?
A for-profit financial institution that holds people's money and loans.
What is a Bank?
A loan you can use to pay for a variety of expenses, such as debt consolidation, home improvements, or trave
What is a Personal Loan?
A regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life.
What is a Pension?
An unknown source claims to give the victim a get-rich-quick scheme. They promise success and major amounts of money within a short matter of time.
What is an Employment Scam?
Savings are reserved for unexpected expenses.
What is an Emergency Fund?
A not-for-profit financial institution that holds people's loans and money.
What is a Credit Union?
What are Subsidized/Unsubsidized Loans?
Payments that replace a portion of a worker's pre-retirement earnings. The amount you receive depends on your earnings and when you start receiving benefits. Paid to the government, then paid out by the government.
What is Social Security?
Scammers use the latest technology to set up fake retailer websites that look like genuine online stores, using stolen logos and copied designs.
What is an Online Shopping Scam?
A form used by employers to determine the amount of taxes to withhold from an employee's paycheck.
What is a W-4 Form?