Unit 1 - Financial Literacy

The amount of money your employer withholds from your pay and provides to a third party on your behalf.

• Salary
• Bonus
• Payroll Deductions

• Car Insurance

To effectively communicate an idea

• Articulate

• Speak louder than usual
• Use complex vocabulary
• Talk as fast as possible

The ability to buy something now and pay for it later

• Credit
• Debit
• Cash
• Check

The amount of money that is left in your paycheck after your deductions have been taken out.

A type of loan that allows one to buy a house

• Auto Loan

• Personal Loan
• Student Loan
• Mortgage

To be behind on ones bills and obligations

• To establish credit

• To be in profit
• To be in surplus
• Delinquency

The type of interest calculated on ONLY the principal

The type of interest calculated on both the principal and any additional interest already earned

• Simple Interest
• Compound Interest
• Discounted Interest
• Flat Interest

This is a form of giving to charity

• Loan

• Investment
• Purchase
• Philanthropy

This stands for Return on Investment