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Study sets matching "financial literacy"

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Study sets matching "financial literacy"

Financial Literacy
profit
supply
demand
price
the money a business or individual makes after accounting for…
the amount of a product which is available to customers
the amount of a product people are willing to buy at a certai…
the quantity of payment given by one person to another for go…
profit
the money a business or individual makes after accounting for…
supply
the amount of a product which is available to customers
22 terms
Financial Literacy Unit 1
Personal Financial Planning
Goals
Values
Opportunity Cost
arranging to spend, save, and invest money to live comfortabl…
Things that you want to accomplish
The beliefs and principles you consider important, correct an…
Trade-off; what is given up when making one choice instead of…
Personal Financial Planning
arranging to spend, save, and invest money to live comfortabl…
Goals
Things that you want to accomplish
49 terms
Financial Literacy (AR) 1.0
1040 EZ Form
Asset
Barter
Budget
income tax return for single and joint filers with no depende…
Anything of value that is owned
(n.) an exchange in trade; (v.) to exchange goods
A plan for making and spending money
1040 EZ Form
income tax return for single and joint filers with no depende…
Asset
Anything of value that is owned
18 terms
Financial Literacy Vocabulary Lesson 1
ATM (Automated Teller Machine)
balance
bank
board of directors
A machine that allows customers to deposit or withdrawal mone…
the current amount of money in an account
a business that offers money-related services to its customer…
a group of people chosen to mange a business or organization
ATM (Automated Teller Machine)
A machine that allows customers to deposit or withdrawal mone…
balance
the current amount of money in an account
34 terms
Financial Literacy (AR) 2.0
Depository or Financial Institutions
Savings Account
Checking Account
ATM - Automated Teller Machine
businesses that provide financial services
a place where you put or deposit your money so that it will b…
a place where you put or deposit your money when you will nee…
a machine that lets you withdraw, or take money from your che…
Depository or Financial Institutions
businesses that provide financial services
Savings Account
a place where you put or deposit your money so that it will b…
19 terms
Financial Literacy Unit 2
job
career
standard of living
trends
work that you do mainly to earn money
commitment to work in a field that you find interesting and f…
measure of quality of life based on the amounts and kinds of…
developments that mark changes in a particular area
job
work that you do mainly to earn money
career
commitment to work in a field that you find interesting and f…
71 terms
Financial Literacy Module 2 Consumer Financial Services
asset
automated clearing house - ACH
automated teller machine - ATM
balance sheet
items of value that your own including money
a financial transaction that electronically moves funds from…
a computer terminal that gives bank customers electronic acce…
a statement of what you own and what you owe
asset
items of value that your own including money
automated clearing house - ACH
a financial transaction that electronically moves funds from…
33 terms
Financial Literacy
Discount
Markup
Profit
Loss
A percentage that is subtracted from the price of an item
An amount that is added to the cost price of an item to deter…
The selling price of an item less its cost price
The cost price of an item less its selling price
Discount
A percentage that is subtracted from the price of an item
Markup
An amount that is added to the cost price of an item to deter…
19 terms
Financial Literacy
checking account
check
statement
account balance
...
...
...
The money left in your account; Difference between total debi…
checking account
...
check
...
17 terms
Financial Literacy-Unit III
Amortization
Annual percentage rate APR
Car title loan
Collateral
process of paying down a loan with payments that include both…
annual percentage rate applied to the balance on a loan compo…
a high interest,... short term loan of cash for which an automob…
something which is pledged to secure repayment of a loan; in…
Amortization
process of paying down a loan with payments that include both…
Annual percentage rate APR
annual percentage rate applied to the balance on a loan compo…
12 terms
Financial Literacy
sharing
spending
expenses
saving
giving money to charity or other people.
trading money for goods or services.
amounts of money spent.
putting money aside from current... income to buy something in t…
sharing
giving money to charity or other people.
spending
trading money for goods or services.
29 terms
Financial Literacy
Account
Account Statement
Auto Insurance
ATM(Automated Teller Machine)
Arrangement with a bank or credit union letting you deposit…
List of financial transactions you made over a given period.
Protects against losses to property and injuries to people in…
Used to withdraw cash from a checking account.
Account
Arrangement with a bank or credit union letting you deposit…
Account Statement
List of financial transactions you made over a given period.
Financial Literacy
bank
Credit Union
savings account or share account
automated teller machine (ATM)
A for profit compnay, owned by investors in stock, which allo…
Financial institutions owned by customers/members, which have…
A place to deposit your money you don't plan on spending righ…
An electronic machine that bank customers and credit union me…
bank
A for profit compnay, owned by investors in stock, which allo…
Credit Union
Financial institutions owned by customers/members, which have…
14 terms
Financial Literacy
deposit money
withdrawal money
transaction with money
savings account
deposit money
withdrawal money
14 terms
Financial Literacy
Gross Pay
Net Pay
Interest
Deductions
The total amount of your earnings before deductions are taken…
The amount you actually receive in your paycheck after deduct…
A fee paid for the opportunity to use someone else's money
Anything that is subtracted from the gross pay. Some are requ…
Gross Pay
The total amount of your earnings before deductions are taken…
Net Pay
The amount you actually receive in your paycheck after deduct…
21 terms
Financial Literacy
balance
payee
economy
allowance
amount owed
A person to whom money is paid
the wealth and resources of a country or region, especially i…
the amount of money you plan to use for a certain budget cate…
balance
amount owed
payee
A person to whom money is paid
14 terms
Financial Literacy
deposit money-
withdrawal money
transaction with money
savings account
deposit money-
withdrawal money
13 terms
Financial Literacy
Purchase
Sales Tax
Gratuity (tip)
Time
To buy
Additional amount of money charged on items purchased
Small amount of money in return for a service
Length in years (for interest)
Purchase
To buy
Sales Tax
Additional amount of money charged on items purchased
9 terms
Financial literacy
Spending plan
Expences
Income
Net gain
A tool to help people manage their money
Money that you spend
Money that is earned
Having more income than Expenses
Spending plan
A tool to help people manage their money
Expences
Money that you spend
18 terms
Financial Literacy
available balance
balance
budget
check
amount available in an account
records match and are accurate
monthly or yearly spending and savings plan
written document; pay a specific amount of money
available balance
amount available in an account
balance
records match and are accurate
12 terms
Financial Literacy
income tax
state income tax
federal income tax
social security
a government levy imposed or entitles that vary with the inco…
the states imposing an income tax on individuals tax all taxa…
A tax levied by the United States internal revenue service (I…
any government system that provides monetary assistance to pe…
income tax
a government levy imposed or entitles that vary with the inco…
state income tax
the states imposing an income tax on individuals tax all taxa…
9 terms
Financial Literacy Vocabulary
Spending
Income
Unplanned Spending
Planned Spending
paying money for goods or services.
money earned for work people do.
paying money for goods or services you did not expect.
paying money for goods or services you did expect
Spending
paying money for goods or services.
Income
money earned for work people do.
21 terms
Financial Literacy
Discretionary Expenses
Checking Account
Savings Account
Credit Card
An expense that people decide for themselves whether to spend…
A bank account from which payments can be ordered by a deposi…
a bank account that accumulates interest
A plastic card used to make purchases now and pay for them la…
Discretionary Expenses
An expense that people decide for themselves whether to spend…
Checking Account
A bank account from which payments can be ordered by a deposi…
Financial Literacy
Income
Budget
Expenses
Fixed Expenses
Money you earn
Spending and savings plan
Goods and services
Money that you pay that remains the same every month
Income
Money you earn
Budget
Spending and savings plan
27 terms
Financial Literacy
Debt
Liabilities
Deposit
Checking Account
Something,typically money that is owed
liabilities are financial obligations you have to another org…
a sum of money placed or kept in a bank account, usually to g…
an account at a bank against which checks can be drawn by the…
Debt
Something,typically money that is owed
Liabilities
liabilities are financial obligations you have to another org…
11 terms
Financial Literacy
Tax
Net Income
Gross Income
Payroll Tax
A fee paid to the government in return for goods or services.
The amount of income left after the taxes are taken out of th…
The amount of income before the taxes are taken out of it.
The tax withheld from an employee's paycheck/income.
Tax
A fee paid to the government in return for goods or services.
Net Income
The amount of income left after the taxes are taken out of th…
13 terms
FINANCIAL LITERACY
Operating Costs
Fixed Costs
Variable Costs
Gross Profit
The expenses which are related to the operation of a business
A cost that stays the same regardless of whether the operatio…
A cost that may increase or decrease depending on whether mor…
The total revenue or total sales a company makes
Operating Costs
The expenses which are related to the operation of a business
Fixed Costs
A cost that stays the same regardless of whether the operatio…
10 terms
financial literacy
income
labor
fixed expense
variable expense
money that is earned from work, business, or investments
services performed for which someone is paid
an expense that does not change from time period to time period
a cost that varies over time according t a number of factors
income
money that is earned from work, business, or investments
labor
services performed for which someone is paid
7 terms
Financial Literacy
Sales Tax
Property Tax
Payroll Tax
Income Tax
Taxes you pay when you BUY something
Taxes you pay on land, cars, boats
Taxes that come out of your pay check
Taxes that come out of your pay check for federal and state t…
Sales Tax
Taxes you pay when you BUY something
Property Tax
Taxes you pay on land, cars, boats
30 terms
Financial Literacy
opportunity cost
origination fee
over the limit fee
pay yourself first
the value of what is given up when you choose one option over…
a charge for setting up a loan that is typically associated w…
a fee on credit cards for making charges above your credit li…
taking a certain amount of all money you receive and saving i…
opportunity cost
the value of what is given up when you choose one option over…
origination fee
a charge for setting up a loan that is typically associated w…
8 terms
financial literacy
available balance
budget
check
credit card
the amount available in an account for a person, business, or…
a monthly or yearly spending and savings plan for an individu…
a written document telling the financial institution to pay a…
a card that can be used to borrow money from financial instit…
available balance
the amount available in an account for a person, business, or…
budget
a monthly or yearly spending and savings plan for an individu…
18 terms
Financial Literacy
fixed expense
flexible expense
expense
income
expense that stays the same price every month
expense that caries from month to month
something you have to pay for
money you have coming in
fixed expense
expense that stays the same price every month
flexible expense
expense that caries from month to month
20 terms
Financial Literacy
fraud
investment
an account created by the deposit of m…
the science that deals with the produc…
deceit, trickery, sharp practice or breach of confidence
the investing of money or capital in order to gain returns
bank account
economics
fraud
deceit, trickery, sharp practice or breach of confidence
investment
the investing of money or capital in order to gain returns
10 terms
Financial Literacy
Assets
Bank
Brokerage firm
Budget
what a person owns of value, such as jewelry, savings, art, a…
a place where people put their money for safekeeping and for…
helps people invest their money
a spending plan that people make in order to make sure there…
Assets
what a person owns of value, such as jewelry, savings, art, a…
Bank
a place where people put their money for safekeeping and for…
13 terms
Financial Literacy
Blank Reconcillation
Blank Endorsement
Canceled Check
Cashiers Check
The process of matching your checkbook register w/the bank st…
The signature of the payer written exactly as his or her name…
A check that has cleared your account
a check written by a bank on its own funds
Blank Reconcillation
The process of matching your checkbook register w/the bank st…
Blank Endorsement
The signature of the payer written exactly as his or her name…
12 terms
Financial Literacy
spend
save
borrow
lend
an amount of money used to purchase goods and services.
An amount of money that is not spent or used. The money set a…
when you take money or an item that has to be returned.
when you give someone money or a item that will be returned.
spend
an amount of money used to purchase goods and services.
save
An amount of money that is not spent or used. The money set a…
29 terms
Financial Literacy
Account
Account Statement
Auto Insurance
Bad Check
Arrangement with a bank or credit union letting you deposit a…
A bank statement that shows all deposits, withdrawals, and in…
Insurance to protect a car owner in the event of an accident…
A check that is written when there is not enough money in the…
Account
Arrangement with a bank or credit union letting you deposit a…
Account Statement
A bank statement that shows all deposits, withdrawals, and in…
16 terms
financial literacy
biweekly
double overtime
overtime
employee
every 2 weeks
holiday hours or any hour over a specific amount of overtime
time worked beyond ones schedule
person employed for wages or salary
biweekly
every 2 weeks
double overtime
holiday hours or any hour over a specific amount of overtime
28 terms
Financial Literacy
Asset
Bank
Bankruptcy
Budge
Any items of value that people own, including cash, property,…
An institution that handles savings and checking accounts, is…
A legal process to get out of debt when you can no longer mak…
A plan for spending and saving money based on a person's goal…
Asset
Any items of value that people own, including cash, property,…
Bank
An institution that handles savings and checking accounts, is…
10 terms
Financial Literacy
Financial Literacy
Bank
Financial Advisor
Impulse Buying
the knowledge and skills to manage money
a place where people put their money for safekeeping, and for…
a person who is an expert at handling money and can give you…
buying stuff without thinking about whether or not you need it
Financial Literacy
the knowledge and skills to manage money
Bank
a place where people put their money for safekeeping, and for…
26 terms
Financial Literacy
Annual Percentage Rate
ATM Machine
Benefit
Bounced Check
is the annual rate that is charged for borrowing (or made by…
is an electronic banking outlet, which allows customers to co…
Service or things of value that employees receive in addition…
check that cannot be processed because the writer has insuffi…
Annual Percentage Rate
is the annual rate that is charged for borrowing (or made by…
ATM Machine
is an electronic banking outlet, which allows customers to co…
9 terms
Financial literacy
Spending plan
Expenses
Income
Net grain
A tool to help people manage their money.
Money that you spend
Money that is earned
Having more income than expenses
Spending plan
A tool to help people manage their money.
Expenses
Money that you spend
Financial Literacy
discretionary expenses
checking account
savings account
credit card
An expense that people decide for themselves whether to spend…
An account at a financial institution that allows for withdra…
a bank account that earns interest
a small plastic card issued by a bank, business, etc., allowi…
discretionary expenses
An expense that people decide for themselves whether to spend…
checking account
An account at a financial institution that allows for withdra…
43 terms
Financial Literacy
benefits
cafeteria plan
commision
disposable income
forms of pay for a job other than salary or wages, such as va…
a benefits package that allows employees to choose some optio…
income based on completing a sale
money that is left to save or spend after paying taxes
benefits
forms of pay for a job other than salary or wages, such as va…
cafeteria plan
a benefits package that allows employees to choose some optio…
10 terms
Financial Literacy
Finances
Taxes
Salary
Net salary/income
Money, payment, bills, budget
Money that you pay to support government programs such as pos…
Money paid for your job
Money you have after taxes & fees have been removed
Finances
Money, payment, bills, budget
Taxes
Money that you pay to support government programs such as pos…
24 terms
Financial Literacy
ALLOWANCE:
ASSET
ASSET ALLOCATION
BOND
Money given to a person on a regular basis for his or her per…
Anything that has a financial worth, including cash, savings…
The way that a person divides his or her money among stocks,…
An asset issued by the federal government, state governments,…
ALLOWANCE:
Money given to a person on a regular basis for his or her per…
ASSET
Anything that has a financial worth, including cash, savings…
21 terms
Financial Literacy
Discretionary expenses
Checking account
Savings account
Credit card
An expense that people decide for themselves whether to spend…
A bank account from which payments can be ordered by a deposi…
a bank account that accumulates interest
A plastic card used to make purchases now and pay for them la…
Discretionary expenses
An expense that people decide for themselves whether to spend…
Checking account
A bank account from which payments can be ordered by a deposi…
21 terms
Financial literacy
Discretionary expenses
Checking account
savings account
Credit card
An expense that people decide for themselves whether to spend…
A bank account from which payments can be ordered by a deposi…
a bank account that accumulates interest
A plastic card used to make purchases now and pay for them la…
Discretionary expenses
An expense that people decide for themselves whether to spend…
Checking account
A bank account from which payments can be ordered by a deposi…
24 terms
Financial Literacy
Service plan
SIM card
Service provider
Rate of return
Monthly contract that charges calls at a set rate and sometim…
The small plastic card that enables your phone to connect to…
A company that provides the connection for your mobile phone.
The return on an investor's capital.
Service plan
Monthly contract that charges calls at a set rate and sometim…
SIM card
The small plastic card that enables your phone to connect to…
13 terms
financial literacy
ATM
debit card
FDIC
deposit
automatic teller machine
plastic card that is used to deduct funds automatically and i…
federal deposit insurance company. institutions that have fdi…
adding money to a bank account
ATM
automatic teller machine
debit card
plastic card that is used to deduct funds automatically and i…
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