Financial Literacy

3 Syllable words

100

The money that you originally agreed to pay back

Principal

200

The money you may have available after taxes and deductions are taken out of your paycheck

Net Income

300

A prediction of your credit behavior, such as how likely you are to pay back a loan on time, based on information from your credit reports.

 Credit Score

400

A legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations

Bankruptcy

500

Money given in the form of grants, work-study, loans, and scholarships to help pay for post-secondary tuition and fees, as well as related expenses such a room and board, books, supplies, and transportation

             A: Down Payment

           B:Debit Card

           C: Financial aid

C: Financial aid

Words that start with D

100

A financial liability or obligations owed by one person, the debtor, to another, the creditor

Debt

200

The cash that the buyer pays upfront in a real estate transaction and other large purchases

Down Payment

300

The reduction in value of an asset over time

Depreciation

400

Placing money into the care of a bank or other financial institution 

Deposit

500

A payment card that deducts money directly from a consumer's checking account when it is used

                        A:Down Payment

                       B:Deposit

                       C:Debit Card

C: Debit Card

Words that end with S

100

Mandatory contributions levied on individuals or corporations by a government entity

Taxes

200

Compensation paid to employees in exchange for their time and labor

Wages

300

An expense in your budget that you can expect to stay the same, or close to it, over time

Fixed expenses

400

Expenses that change in amount from month to month

Variable Expenses

500

wages withheld from an employee's total earnings for the purpose of paying taxes, garnishments, and benefits, like health insurance

Payroll Deductions

5-4 Letter words

100

A sum of money that one or more individuals or companies borrow from a bank or other financial institution

Loan

200

 Equity ownership in a corporation or financial  asset, owned by investors who exchange capital in return for these units

Share

300

A retirement savings plan that offers significant tax benefits while helping you plan for the future

401K

400

Something necessary for survival or basic functioning

Need

500

Compensation paid to employees in exchange for their time and labor

Wages

5 Syllable words

100

Using your personal information such as your name, Social Security number, or credit card number without your permission.

Identity theft

200

A separate savings account used to cover or offset the expenses of an unforeseen situation

Emergency Fund

300

The action or process of reducing or paying off a debt with scheduled, pre-determined installments that include principal and interest

Ammortization

400

A federal program that provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses.

Work-study program

500

An increase in value of an asset over time

Appreciation