Saving/Budgets
The name of an account used for “rainy days”
Emergency Fund
A portion of income that you pay to the government
Taxes
The ability to borrow money, paying back the amount later.
Credit
The percentage cost of borrowing money
Interest Rate
The name of the Silver Lining mascot
Mr. Dinero
The term for all money you earn
Income
The amount of money you have after taxes have been deduced
Net Income
A machine that withdraws and deposits money into your bank account
ATM
When someone illegally uses your credit card
Credit Fraud
The date the Declaration of Independence was signed
July 4, 1776
Money that is owed or due
Debt
The months known as tax season
January-April
A 3 digit number that estimates how likely you are to repay a loan on time and in full
Credit Score
Credit secured by colleteral
Secured Credit
Name that teacher!! (DOUBLE JEOPARDY)
Mr. Ankenman
The top 3 most expensive items on a typical American budget
Housing, Transportation, & Food
The long-form of IRS
Internal Revenue Service
The minimum requirement for a good credit score
670
The long-form of APR
Annual Percentage Rate
The cost to replace your Chromebook charger
$20
The range of months an emergency fund should last
3-6 months
The range of incomes taxed at a certain rate
Tax Bracket
The long-form of ATM
Automated Teller Machine
The interest you pay to your lender that builds upon itself
Compound Interest
The amount of ORIGINAL Silver Lining board members
4