savings accounts
Most basic account to begin saving money
What is a savings account?
Also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases.
What is a debit card?
Nearly everyone who earns income uses this service.
What’s a financial institustion?
A governmental organization in order to collectively fund government spending, public expenditures, etc.
What’s taxas?
A plan you decide to make to prevent yourself from spending a certain amount of money by setting a limit.
What’s is a budget.
You can legally open the account at the age of 18
What age can you open a savings account at.
A payment card, usually issued by a bank, allowing its users to purchase goods or services or withdraw cash on credit.
Whats a credit Card?
Also known as tax retention,It is income tax paid to the government by the payer of the income rather than by the recipient of the income.
What’s Withholding.
Objectives that can be accomplished in less than a year.
What is a short term goal
It is essentially an iou.
Whats a bond?
A way to view account activity and pay bills once logged onto an institution‘s website.
What’s online banking.
Objectives typically completed over more than a year.
what is a long term goal
It represents a fractional ownership in a company.
What are stocks.
A online bank without brick-and-mortar branches.
What is a interest bank?
Money that is spent on goods, services, and bills.
what is expenditures.
A fund that is professionally managed investments with money pooled from other shareholders.
What are mutual funds?
The ability to borrow money and be able to pay it off to the bank for responsibility.
Making a purchase based on an immediate want or due to the pressure of advertising.
What is impulse buying.