NGPF Financial Literacy Vocab All

Money received on a regular basis for work or through investments

• interest

• income

• taxes

• budget

the price you pay to borrow money or the cost you charge to lend money

• income

• savings

• credit card

• interest

Statement that has information about your credit activity and current credit situation such as loan paying history.

• credit card

• credit report

• cash

• comment from bank

Mandatory contribution levied on individuals or corporations by a government entity - whether local, regional, or national.

• Budget

• Tangible

• Taxes

• Savings

Prediction of how likely you are to pay a loan on time based on information from your credit report

• credit score

• credit card

• country

• future investment

Issued by bank or financial services company that allows cardholder to borrow funds pay for goods and services with merchants.

• Credit report

• savings account

• Debit card

• Credit card

Card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.

• Credit Card

• Debit card

• Birthday Card

• Pre-paid credit card

An account at a bank which checks can be drawn by the account holder

• Credit line

• savings

• checking

• credit report

Refers to the month that a person has left over after they subtract out their consumer spending from their disposable income over a period of time.

• Play money

• Spending

• Interest

• Savings

Legal tender - currency or coins - that can be used to exchange goods, debt, or services

• Checks

• Credit Card

• Cash

• Checking