Money Basics
Money you earn from a job.
What is income
Buying something without planning.
What is an impulse purchase
Card that pulls money directly from your bank account.
What is a debit card
Money saved for emergencies.
What is an emergency fund
Form required for federal student aid
What is the FAFSA
Money you pay for something you buy.
What is cost
Comparing prices before buying.
What is shopping around
Card that lets you borrow money and pay it back later.
What is a credit card
Saving money regularly over time.
What is building savings
Money for college you don’t repay.
What is a scholarship
Money left after paying for needs.
What is disposable income
A discount offered for a limited time.
What is a sale
Number used to access your account at an ATM.
What is a PIN
Interest earned on both savings and past interest.
What is compound interest
The job you want to pursue in the future
What is a career goal
Money you set aside for the future.
What is savings
An expense that changes each month.
What is a variable expense
Account best for storing money long‑term.
What is a savings account
A short‑term goal is achieved in this time frame.
What is less than a year
Aid based on financial need.
What is a grant
The difference between what you earn and what you spend.
What is your balance
Deciding what you can and can’t afford.
What is budgeting
Fee charged when you spend more than you have.
What is an overdraft fee
A long‑term goal is achieved in this time frame.
What is more than a year
Total cost of attending college.
What is cost of attendance