Banking
Type of person who can have a bank account.
What is everyone?
A person or company to whom a debt is owed.
What is a Creditor?
When you should start saving money.
Type of bank account that allows you to write checks and have a debit card.
What is a Checking Account
Trust given to another person for future payment of a loan, credit card balance, etc.
What is Credit?
Money not spent and put aside.
What is Savings?
Age Limit to Open a Bank account without a legal adult
What is 18 years old?
A number that helps a lender predict how likely an individual is to repay a loan, or make credit payments on time
What is a Credit Score?
Money set aside to live off once you are no longer able to work.
What is retirement savings?
Document required to open a bank account
What is a photo ID?
Paying bills on time, Keeping credit card balances low, and paying off debt are examples of this.
What is improving your credit score?
Type of accounts used to save money
What is saving, 401K, or IRA account?