No Guarantees
Return=how much money gets returned to you
Low Risk= low return
High Risk = high return or high loss
What is Investing?
100
Out-of-network fees-using another banks ATM
Bounced check fees
Service Fees- Bank Charges
What is Banking Fees
100
The amount of money you deposit into the bank.
Or the amount of money you borrow from a bank.
What is a Principal?
100
Free money!
Must apply and sometimes writes an essay.
Must qualify.
Might have to pay it back if you drop out.
What are Grants and Scholarships?
100
A form to fill out one time when you start a job.
This form allows your paycheck as taxes and send it to the IRS.
What is W-4?
200
Receive annually from your employer.
Summaries earnings and withholding for the year.
What is W-2?
200
A service a credit card provides where they will give you cash and put the amount on your credit card.
What is Cash Advance?
200
When person doesn't pay their mortgage.
Lowers credit score greatly!!!
What is Default?
200
If you don't pay the your rent, the landlord will ____ you.
What is Eviction?
200
Lending money to a city.
What are Municipal Bonds?
300
The monthly cost of insurance.
You pay it whether you use it or not.
Higher risk= higher_______(direct relationship)
Riskiest group= Males ages 16-25
What is Premium?
300
A special loan used to buy real estate.
What is Mortgage?
300
Ownership of a company= "Equality" share in profits (Like a retail bank)
Investors buy "shares" of a company
Investors are called shareholders or stockholders.
What are Stocks?
300
A List of all available properties.
Can search for real estate that matches what you want.
What is MLS (multiple listing service)?
300
It's like a check that is paid in advance.
What is a money order?
400
A quick way to estimate how long it will take money to double.
What is Rule of 72
400
A long-term rental agreement (usually a year).
What is Lease?
400
Money subtracted from your paycheck (insurance, retirement, savings)
What is a deduction?
400
The person that borrows money.
****pays interest
What is a Borrower?
400
Almost like cash.
Type of card.
Money that moves immediately.
Must have enough money in your account or the card is declined.
What is a Debit Card?
500
something you own that has value.
What is Asset?
500
Free application for federal student aid.
What is FAFSA?
500
This appreciates (goes up) or depreciates (goes down)
What is Value?
500
Easy to turn into cash.
What is Liquid?
500
Must be a member to join (military, teachers, Disney employees, electricians, etc.)
Examples: School's First, WESCOM...