Some definitions
To begin something
What is implementing?
Parts of a budget
What are financial components?
When your employer makes a deposit into your account, the department that handles this is called this.
What is payroll?
When applying for a credit card or loan, it is important to check this number and make sure it is low.
What is an interest rate?
Pay after taxes have been taken out (take-home pay)
What is net pay?
Unique, singular
What is distinct?
Extra money you can use as you see fit.
What is discretionary income?
Untouched money, left in an account, may begin to accrue this.
What is compound interest?
These are sources of financial assistance which you do not have to pay back
What are grants and scholarships?
Pay before taxes are taken out.
What is gross pay?
Optional choice
What is an alternative?
I need some money so I will fill out this.
What is a loan application?
Parts of a budget
What are financial components?
This is a place that offers you a short-term loan at a heavy interest rate, to the point of financial danger.
What is a payday lender or predatory lender?
If you have extra money after bill and budget have been met, you can consider making more by doing this with it.
What are financial investments?
This word is an effect of a choice
What is a consequence?
This is a card that you use that you have to pay back every time you use it to charge a purchase.
What is a credit card?
When an investment goes down in value
What is depreciation?
This is not a credit term. It should go in the def. column. This is thinking ability.
What is cognitive funcitoning?
Money earned after graduation
What is post-graduation income?
This word means doing things in accordance with each unique situation
What is differentiation?
This is a card you use like a checking account.
What is a debit card?
Financial institutions, either a major loaning organization or an organized community lender
What is a credit union or a bank?
Paying back a credit card or loan requires the total amount you have borrowed, plus an amount based on this.
What is an interest rate?
An employer will take out taxes, Medicaid, and Social Security from your check
What are deductions?