Credit
A card with money borrowed from the bank
What is a credit card?
Account you can earn interest on for putting your money there
What is a savings account?
The most common type of investments
What are stocks?
A type of account used to hold savings
What is a savings account?
A type of budget made for monthly tracking
What is a monthly budget?
How likely you are to repay loans
What is creditworthiness?
The most common place to put savings in
What is a bank?
Investments that don't make you money
What are liabilities?
A type of account used to create checks and make purchases
What is a checking account?
A type of budget made for tracking long-term goals
35% of your credit score
What is payment history?
Type of savings used for unexpected occurrences
What is an emergency fund?
Investments that make you money
What are assets?
A fee paid if your account balance drops below a certain amount
What is an overdraft fee?
A category of a budget that determines how much money you can spend on something
What are expenses?
A fixed amount of money borrowed and paid back in regular monthly installments.
What is installment credit?
A plan that helps you save money
What is a budget?
The most common type of asset for homeowners
What are houses?
Non-profit organization that have similar accounts to banks
What is a credit union?
This is what a budget really is
What is a financial plan?
Federal law that limits your maximum liability for unauthorized charges to $50.
What is the Fair Credit Billing Act?
Money set aside for future use
What is savings?
This event occurs when stock prices decrease rapidly
What is a stock market crash?
What is a deposit?
Saving for a car could require what type of budget?
What is a yearly budget?