Financial Education

5. An investment account for retirement that you can set up through a financial institution or financial advisor.
8. The maximum amount you can spend using a credit card.
10. A plan to manage how to spend and save your money.
11. An account used for daily purchases and bills that may come with a debit card and checks.
12. What’s left in your paycheck after taxes. Sometimes referred to as “take-home pay.”
14. The additional amount you are charged for the convenience of paying back your credit card balance over time..
15. Income that is the amount used to calculate your federal and provincial taxes on your personal income tax return.
17. A secure way to transfer and deposit money directly into your bank account.
19. Expenses that fluctuate in cost, like groceries and transportation.
20. A retirement investment account offered by your employer that you can fund with contributions from your pretax income, usually taken directly from your paycheck.

1. A basic bank account that allows you to earn a small amount of interest on your deposits.
2. The total amount you earn from your job before taxes.
3. The ability to borrow money, earned by demonstrating that you can and will pay it back on time.
4. Expenses that do not change month to month, like rent or a mortgage payment.
6. A rate on a credit card that combines the monthly interest rate and annual fees to show you the total cost of using that card.
7. Money deducted from your paycheck to support services that benefit your local community and the greater society.
9. Something that is an [allowable] amount that you can take off of your taxable income to lower the amount of taxes that you owe.
13. Something that gives you a line of revolving credit via a plastic card—each time you use it, you are borrowing money.
16. A bank card linked to your checking account that’s used to withdraw funds or pay for purchases.
18. A safety net of savings for emergencies like job loss or an illness.