Consumer Skills
A bank account you use for everyday spending, often linked to a debit card
Checking Account
Take-home pay - the amount you’re actually paid after taxes and deductions
Net Pay
Use this card to borrow money for purchases, but make sure to repay it later
Credit Card
Money set aside for unexpected expenses, like car repairs or medical bills
Emergency Fund
A share of ownership in a company
Stock
The process of looking at prices, features, and reviews before deciding what to buy
Comparison Shopping
A saving strategy where you put money into savings before spending on anything else
Pay Yourself First
A three-digit number that shows how trustworthy you are when borrowing money
Credit Score
This process makes your money grow more over time because you earn interest on your interest
Compound Interest
A bundle of many different stocks, often tracking the overall market
Index Fund
Read this document to review your transactions for the month
Monthly Statement
Money that is taken out of your paycheck for taxes or benefits
Deductions
The fee you pay to borrow money, written as a percentage
Interest Rate
The number of months it
takes to save $400 if you
save $25 per month
16 Months
If you own a company’s stock, they may send you this payment. It’s a share of their profits
Dividends