Banking / Credit
A place to keep your money that is more secure and provides an easier way to receive / make payments.
Bank / Credit Union / Financial Institution
Term used to describe things you spend money on.
Expenses
The name of what you receive from your job when you get paid.
Paycheck
The name of someone who rents land, a building, or an apartment to someone.
Landlord
Direct deposit
Money you receive from your paycheck or from doing a job.
Income
The name of what comes out of your paycheck and goes to the government.
Taxes
Type of retirement plan offered by your employer.
401k / 403b / Pension
A number that represents how likely you are to repay money that has been borrowed.
Credit Score
The two types of expenses.
Fixed and variable expenses
Total pay minus all the taxes and deductions taken from your paycheck. Also known as your "take-home" pay.
Net pay / net income
A type of credit card where money is put on hold in your bank account and is easier to get approved for.
Secured credit card
The biggest consumer bank in the United States
JPMorgan Chase
This is something every budget should have.
Goals
The name of the form you receive at the end of the year that shows all of your income and deductions.
W-2
The name of what you pay on top of what you are borrowing from a lender.
Interest