Education Goals
Buying your textbooks before classes start.
Short term education goal
Setting aside $40 from every paycheck for the next 6 months to start an emergency fund.
short term savings goal
Updating your resume, practicing interview questions and submitting 3 applications for a summer internship by the end of this month.
Short term career goal
Studying consistently to keep a high GPA and earning certifications in the next three years
Mid term education goal
Stop spending money on fast food to save up to $2500 down payment for a reliable used car over the next 2 years.
Mid term financial goal
Working your way up to a shift supervisor or assistant manager position within 3 years
mid term career goal
Having a side job to increase your income to increase your total annual take home pay by 20% over the next 4 years
mid term earnings goal
Planning and successfully completing a 4 year Bachelors degree and a Masters degree over the next 6-7 years
Long term education goal
Putting money into a compound interest account for the next 15 years to buy a house
long term savings goal
Saving to open an independent business 6 years from now
long term career goal
Advancing your position to reach a target baseline salary of $84,000 a year within 8 years
long term earnings goal
A scam where a fake email or website pretends to be your school login or bank to steal your password and personal details.
Phishing
throwing away your hard earned cash on impulse wants instead of your actual needs.
burning money
Record showing your payment history that many employers check to judge your reliability and trustworthiness before hiring you.
Credit score/report
Cost of borrowing money on annual basis which takes into account your specific interest rate and fees. Affects your net earnings when paying off debt
annual percentage rate
Trap when buying educational technology on credit where you pay the absolute smallest amount allowed each month. Increases your total interest cost.
Minimum payment
Financial consequence that happens if you carelessly overspend your checking account or charge a card for more than you actually have.
overdraft fee
Private businesses operate and compete, heavily relying on individuals making responsible choices with their money and credit.
free enterprise system
A person with a good credit history who legally agrees to take full responsibility for your debt if you fail to repay it.
co signer