Banking Terms
I am money earned from working 10 hours at a job.
What is Income/Paycheck?
I am money that you owe to a person, company, or lender.
What is Debt?
I am someone who thinks carefully before spending money and makes informed choices.
What is Smart Spender?
I am money borrowed that must be paid back, usually with interest.
What is Loan?
I tell you how much money you earn for each hour you work.
What is Hourly Wage?
I am a bank account used for spending money regularly and making purchases.
What is Checking account?
I am money collected by the government to pay for public services.
Taxes
I look at different prices before buying something.
I am money paid to live in a home or apartment that you do not own.
What is Rent?
I am extra money earned from saving money or extra money paid when borrowing money.
What is interest?
I am a card that uses money directly from your bank account when you make purchases.
What is Debit Card?
I am a number that shows how responsibly someone has handled borrowed money.
What is Credit Score?
I am a situation, feeling, or event that makes you want to spend money.
What is Spending Trigger?
I am a form used to report income and taxes paid during the year.
What is Tax Return?
I am a fixed amount of money earned each year regardless of the number of hours worked.
What is Salary?
I am money you put aside today for something you may need or want later.
What is savings?
I am a form that shows how much money you earned and how much tax was taken out during the year.
What is a W-2?
I am what you give up when you choose one option over another
Whah is Opportunity Cost?
I help protect people from financial losses when unexpected events occur.
What is Insurance?
I involve putting money into assets that may grow in value over time.
What is interest?
I happen when you spend more money than you have in your bank account.
What is Overdraft?
The amount paid regularly for insurance coverage.
What is Premium?
I treat luxuries as necessities and spend more than intended.
What is wants creep?
I am money taken out of your paycheck before you receive it.
What is Deduction?
I am the amount of money you actually receive after taxes and deductions are taken out.
Net Pay