Financial Literacy

Things that make life more interesting and fun but you can get by without.

When the final payment is due for a loan.

Things that are essential to your health and security.

Signing the back of the check in order to deposit or cash the check.

Borrow a specific amount of cash to repay later by a set date

The amount of time before interest starts accumulating on charged purchases if

Someone is willing to loan you money in exchange for your promise to repay it, usually with interest.

Known, regular payments (ex. Internet fee, rent)

Borrowing a specific amount of money to buy something now making regular payments to repay over time by a set date.

An account that manages the day-to-day finances.

What the lender charges for using credit usually a

A consistent way to report interest; includes the interest rate, fees, and loan costs.

A for-profit company, owned by investors in its stock.

The cost of the item bought on credit or the amount of money borrowed.

Automated teller machine

The cost required for something; the money spent on something.

A place to deposit money you don't plan to spend right away.

Known but irregular payments (ex. gas, groceries)

Electronic Funds Transfer

Known but occasional payments (ex. car repair, school fees)

Writing a check for more money than is in your account

A credit report determines "creditworthiness"

Service credit is the promise to pay for services used each month, like wifi.

Money received, especially on a regular basis, for work or through investments.

Borrowing for multiple purchases without g

Personal identification number