Financial Lit

A type of separate savings that is reserved for either emergencies or some large purchase in the future.

• Raining Day Fund

• Insurance Fund

• Lottery Fund

• Expense Fund

A single document that summarizes a person’s education and previous job experience, to be shared with a potential employer when applying for a new job.

• Check

• Essay

• Resume

• Scarcity

An economic concept that states that humanity has unlimited wants, but limited resources. Because all resources have some limit, nothing is ever “Free”.

• Trust Fund

• Scarcity

• Opportunity

• Class Buffet

The concept that a business has a duty to society at large to act in a fashion that promotes equity, environmental responsibility, and fairness.

• Becoming Carbon Neutral

• Polluting the air

• Not throwing away trash

• Resume

A type of loan taken out to finance their education.

• Auto Loan

• Mortgage Loan

• Personal Loan

• Student Loan

Extra payment made to workers in the service industry in appreciation of their individual efforts.

• Wage

• Garnishment

• Pay Period

• Tips

The act of taking one asset and using its value towards the down payment of another. Used in

• Land buying

• Car Sales

• Loans

• Upper Class

A type of entity that exists and can hold assets but acts as a fiduciary agent for some other beneficiary. An example of a trust is a Real Estate Investment Trust, which uses the funds provided by its investors only to invest in real estate to provide a return for its investors. Trusts are very limited in the types of actions they can perform.

• Upper Class

• Trust Fund

• Raining Day Funds

• Checking Account

One example would be a credit card.

• Checking Account

• Savings Account

• Debit Card

• Unsecured Loan

A type of worker who does not have specialized skills.

• Working Class

• Doctor

• Unskilled Labor

• Laborer