Working & Careers
An activity you do routinely to earn money. Examples of this are mowing lawns or working at a grocery store.
What is a job?
A card that's linked to your checking account that allows you to spend your own money instantly.
What is a debit card?
The price you pay for using someone else's money or the money a bank pays you for keeping your money with them.
What is interest?
A contract you sign when renting an apartment or house that says how long you will live there and how much you will pay.
What is a lease?
A crime where someone steals your personal information, like a social security number, to pretend to be you so they can steal your money.
What is identity theft?
A long term professional path that usually requires special training or education and also grows over time.
What is a career?
Managing your money through a computer or a phone instead of walking into an actual bank.
What is electronic banking?
The amount of money you deposit into a bank or borrow for a loan before interest starts to add up.
What is the principal?
The money you pay to your landlord before moving in to cover any damage you might cause to the apartment. You get it back if you leave the place is clean once you're gone.
What is a security deposit?
The level of wealth, comfort, goods, and necessities available to a person or a specific area.
What is a standard of living?
Your natural talents or things you are naturally good at which can help you choose your career.
What is an aptitude?
Cash or money in a bank account that you can access immediately to buy things without waiting at all or any penalties.
What are liquid assets?
What your current money will be worth down the road if you invest it and let it earn interest over time.
What is future value?
Land and the buildings attached to it. For example: a house, an apartment complex, or an open field.
What is real estate?
A retirement savings plan backed by an employer that allows workers to save a portion of their paycheck before taxes.
What is a 401k?
A document that summarizes your education, work experience, and skills that you give to someone when applying to work.
What is a resume?
A special bank account that pays higher interest but requires you to keep a larger amount of money in it.
What is a money market account?
A series of equal payments made at normal intervals. An example of this is putting $20 into an account every month for a year.
What is an annuity?
The price a buyer is willing to pay for a house or property on the market.
What is market value?
The total cost of borrowing money for a year that's expressed as a percentage rate which includes all interest and extra fees.
What is the Annual Percentage Rate (APR)?
A formal letter that's sent with your resume to introduce yourself and explain why you are the right person for the job.
What is a cover letter?
A savings option where you agree to leave your money for a set amount of time in exchange for a fixed interest rate.
What is a certificate of deposit?
When you get interest on your original money plus the interest you've already earned. Your money is basically making money by itself.
What is compounding interest?
A specific type of long term loan used only to buy a house or buy real estate.
What is a mortgage?
Extra fees that are paid at the very end of the buying of a home which include legal fees, loan processing fees, and taxes.
What are closing costs?