Financial Attitudes and Behaviors
A person's principles or standards of behavior; one's judgment of what is important in life. (Vocab)
Values
Persons hired and paid wages or salary by a company. (Vocab)
Employee
A cost, like rent, that is consistent and predictable month to month. (VOCAB)
Fixed Expenses
A loan that is made without collateral being provided. Riskier so it results in a higher interest rate charged to the borrower. A credit card is an example. (Vocab)
Unsecured Loan
This was the year the banks collapsed.
1930
The way a particular person understands events, facts, and other people, based on their own set of beliefs and experiences and may not be reasonable or accurate. (Vocab)
Cognitive Bias
Income from the profit lost when selling an asset, property, or investment. (Related to the Vocab)
Capital Loss
A person or organization that uses a commodity or service. (Vocab)
Consumer
An asset or property used as security for a loan. (Vocab)
Collateral
FDIC and NCUA
The tendency of the people in a group to think and behave in ways that conform with others in the group rather than as individuals. (Vocab)
Herd Mentality
A series of taxes that are deducted from a worker’s pay and would be listed on the stub that comes with the paycheck. (Vocab)
Payroll Tax
The income you have available to use for spending or saving. (Vocab)
Cash Flow
A summary of your financial history. Potential lenders will use your credit report to help them evaluate whether you are a good credit risk. (Vocab)
Credit Report
Rule of 72
The well-being of this countries' economy depends upon the strength of the American consumer.
The U.S.
Osceola County tax rate is 1.5% over the base Florida tax rate.
6%
A good rule of thumb is to check at least three different places to get an idea of how much this item will cost you.
Comparison Shopping
This number, with an unusual range of 300-850, it also reflects how responsible you are.
Credit Score
The line in a check where you write who the check is for.
Pay to the Order of/to
Scarcity marketing lets consumers know those sales won’t be there forever which is meant to exploit this specific emotion.
FOMO (Fear of Missing Out)
This skill set are specific, teachable abilities that can be defined and measured
Hard Skills
These three steps help you plan for a big purchase. From planning, making the decision, and assessing.
Purchase Goal Setting
A Savings accounts that is specifically for education expenses and is not taxed.
529 Plan
Interest earned/paid on both the initial amount (principal) and the interest accrued.
Compound Interest