Saving
Saving money overtime for a large purchase
What is Sinking Fund?
Card issued by bank to help finance a purchase
What is Credit Card?
A form of Federal or state aid that does not need to be repaid.
What is Grant?
Latin term for buyer beware
What is Caveat emptor
$500 readily available
What is Emergency Fund?
A detailed report of someones credit history
What is Credit Report?
Financial aid in that doesn’t have to repaid, normally based off athletic or academic achievement
What is scholarship
The process of communicating the value of a product to customers
Marketing
Percentage paid to lender for use of borrowed money
What is Interest Rate?
A yearly fee charged by the credit card company
What is Annual Fee
A program that allows students to work part time
What is Work Study
The promotion of a product or service
Branding
Interest paid on interest
What is Compound Interest?
Preferred method of debt repayment
What is Debt Snowball
A form that is completed annually by current and prospective college students to determine their eligibility for financial aid
FAFSA
Pain to part with money
What is Significant purchase
Five Steps to financial success
What is Five Foundations?
Decrease or loss in value
What is Depreciation?
Estimated student loan debt
What is one trillion
Feeling regret or concern after large purchase
What is Buyer's Remorse