SAVING VS. SPENDING
This account is best for everyday purchases and bills.
This is the ability to borrow money now and pay it back later.
What is credit?
This type of financial institution is member-owned and not-for-profit.
What is a credit union?
What is electronically?
You should never share these, even if someone says they are from your bank.
What are passwords or verification codes?
This type of account helps you store money for future goals and earn interest.
What is a savings account?
Paying bills on time helps improve this important number.
What is credit score?
Banks are owned by these.
What are shareholders?
This stores your card or bank info for quick payments on your phone.
This extra security step requires a code along with your password.
What is two factor authentication?
This habit helps you avoid buying things you don’t really need in the moment.
What is delayed gratification?
Having good credit can help you get these with lower interest rates.
What are loans?
Credit unions offer these lower than banks.
What are interest rates?
Apps like Venmo are used to do this?
This type of internet can be risky when dealing with online finances.
What is public wifi?
This influences your spending choices based on what matters most to you.
What are your values?
Missing payments on your car loan can lead to this.
What is repossession?
Credit unions focus on this type of service.
What is personalized?
This type of transfer may come with a fee but will be quicker.
What is an instant transfer?
Scammers often use these in order to scam teenagers online.
What are fake giveaways?
This is when you buy something quickly without planning or thinking it through.
What is an impulse purchase? (Extra 100 points for an example!)
This can happen to your home if you aren't making your mortgage payments.
What is foreclosure?
Banks operate with this one main goal.
What is making a profit?
Once you send money to the wrong person, this is usually true.
What is it is hard to get back?
Protecting your financial info helps prevent this serious crime.
What is identity theft?