Financial Literacy

List of financial transactions in a given time period

Used to withdraw cash from a checking account when not at your bank

Covers your personal property in a rented apartment or home.

Credit extended from a financial institution when an account has insufficient funds

A check written for more money than is available in your account

The ability to use knowledge and skills to manage financial resources effectively

Spending money in hopes of making a higher financial return

A number between 300-800 that uses a borrowers past and predicts their ability to pay off debts

Protects against losses to property and injuries to people in a car accident

A product offered by a company promising to protect you from specific financial risks

A fee charged to your account when you spend more money that you have in the account

Money that has been placed into an account

Money lent to someone else in exchange for future payment.

A business that pursues payments of debts owed by individuals or businesses

A plastic card that allows the user to purchase items using money in their checking account

Various types of non-wage compensation provided to employees in addition to their normal salary

A term used to reference electric, water, gas and other services

A paycheck is automatically and electronically transferred into your checking account

A plan used to decide spending money and saving money

When money is moved from one account to another

The amount of a paycheck that is left after taking out taxes. Also called take home pay.

The entire amount of money a person owes to lenders

Arrangement made with a bank to let you deposit and withdraw money

An arrangement to receive cash, goods, or services now and pay for them later

All money that a person recieves

Insurance that covers medical illness or bodily injury

Any money a person spends or gives away

The percentage cost of borrowing money from someone else

A written form of payment that orders a bank to transfer money from one account to another

The total amount of a paycheck (Before taxes)

A plastic card that allows the user to purchase items now and pay for them later

A legal document outlining the terms in which one party agrees to rent a property from another

An account that is set aside for storing money that you do not plan to spend