1
Written financial plan to manage income, expenses, and savings
Budget
Percentage of money a financial institution pays regularly for the use of the account holder's money.
Interest
Type of loan that is repeatedly available as long as regular payments are made each month.
Revolving Credit
(ex. Credit Card that you make an minimum monthly payment)
Money earned before any deductions are taken out
Gross Income
Type of product that can break down or decompose naturally without harming the environment.
biodegradable
Original amount of money invested.
Principal
Fees lenders charge consumers for buying on credit.
finance charges
Action of speaking up for and representing oneself.
Self Advocacy
Electronic payment from the employer's bank account to the employee's bank account.
A recurring cost that stays the same every single month
fixed expenses
example: mortgage payment/house note, rent, car note
Goods and services requiring payment.
expenses
Type of short-term loan in which the entire balance is expected to be paid at once.
noninstallment credit
What is looking at different makes and models of a product at various stores to make a wise choice in purchasing products
What does YTD mean on your pay stub?
Year To Date
Punish
penalize
The failure to pay a loan
defaulted
Putting money into something to gain a financial return.
investing
Overcharging
price gouging
Using the Internet to access banking services
electronic banking
Honest; fair.
Money earned
Cash loan repaid with interest in equal, regular payments
installment credit
People who act as go-betweens among parties to bring about a resolution.
intermediaries
Transferring money from one account to another through the use of electronic banking
ETF
Electronic Funds Transfer
Setting money aside.
Saving
a cost that changes monthly based on usage or consumption
variable cost
Example: gas, entertainment, electricity, water
Company's or society's consideration of issues such as human rights; fair labor laws; community development; and health, safety, and wellness.
Social Sustainability
Money earned after taxes and other deductions are taken out of your paycheck
Net Income
Buying products that benefit environmental, social, or human health.
Sustainable Purchasing
Written guarantee from the manufacturer that a product is in good condition.
Warranty