MISC
This is a way to track how likely you are to repay borrowed money, which affects the interest rate you'll be charged on a credit card.
Credit Score
This payment method allows individuals to send money to one another using an app or website, such as PayPal or Venmo.
Peer to Peer
This is the hormone is released when we spend money but have a coupon.
Oxytocin
You have a $10 coupon for a $60 purchase. After applying the coupon, how much do you pay?
50$
This type of loan typically involves borrowing a small amount of money, often due to financial emergency, and requires full repayment, plus high fees, by your next paycheck.
Payday Loan
Unlike checking accounts, this type of account is usually limited in the number of withdrawals or transfers you can make each month.
Savings Account
A payment method that stores your credit card or bank account details on your phone and allows you to make purchases via apps like Apple Pay or Google Wallet.
Mobile Wallet
This type of advertising tries to convince you that everyone else is buying the product, so you should too, because you don't want to be left out.
Peer Pressure
If a $50 item is on sale for 20% off, how much will the coupon save you?
10$
This term refers to the score that lenders use to assess an individual’s creditworthiness, which can influence loan terms and interest rates.
A loan that is given to students to help pay for their college education, often with lower interest rates and deferred payments.
Student Loan
A type of payment card that is preloaded with a specific amount of money and can be used for purchases just like a debit card, but it is not tied to a bank account.
Pre-Paid Debit Card
Sometimes, people buy things because they think they are saving money, even if it’s not something they truly need. This is called:
Bargain Hunting or a good deal
You have a 15% off coupon for a $120 purchase, plus a $10 off coupon for any order over $100. What is your final price after both coupons are applied?
$98
This is the name of the person who traps an individual in an unescapable cycle of debt.
Loan Shark
This type of financial aid does not have to be repaid and is often awarded based on academic achievement, sports, or specific skills.
Scholarship
This type of payment option is often used as a gift and can only be spent on specific merchants or online stores, typically preloaded with a set dollar value.
Gift Card
People may buy things because they want to look or feel a certain way, like wearing popular clothes or using a trendy gadget. This is often influenced by:
Status or image or social media
A store offers a "Buy one, get one 75% off" deal. If you buy 2 items priced at $40 each, how much will you pay after the deal?
$50
This is when a lender offers a loan with a very high interest rate, which means you end up paying back much more money than you originally borrowed, making it harder to pay off.
High Interest Lending
This term refers to the total cost of attending college, including tuition, room and board, fees, and other expenses, and is often used to determine a student's eligibility for financial aid.
This payment method often allows you to transfer funds directly from one person’s bank account to another’s via a third-party platform, typically free or with minimal fees.
Peer to Peer
This type of need is when people buy something because it will help them with something essential in their daily life, like food, clothes, or school supplies.
Basic Needs
A coupon gives you 20% off your entire order, but there's a restriction: the coupon can only be used on items totaling at least $50. If you buy three items priced at $18, $22, and $15, how much will you pay after the coupon is applied?
$48
This financial concept refers to the total cost of borrowing on a loan and the person giving the money usually charges this. It is expressed as a yearly percentage rate (APR).
Interest