Fin Lit Vocab

2. Special saving account where it holds a certain amount of money for a long period of time.
5. Is the price you pay when you borrow money or the benefit you get when you lend money.
7. Spread your investments across differently to help reduce risk.
9. Borrowing money that you need to pay back, usually with interest.
12. A card that takes money out directly from your banking account.
13. The amount of money you have before interest.
15. A price tag for borrowing money
18. Failed to keep up with your debts.
20. Is how likely you are to pay back money you borrow, based on what a lender thinks.
22. Helps buy things you can't pay for yet, but you have to pay full price later.
23. Broker They buy and sell stocks for people who want to invest their money but don't want to do all the complicated stuff themselves.
24. Money you put aside to cover for surprised expenses.

1. Find the best price, features, and benefits before buying.
3. An individual and company or organization that has the benefits of having the availability to meet debts.
4. Need is stuff you need on a daily basis to stay alive and want is stuff you don't need to survive but YOU decide to get.
5. Like a safety net in case something bad happens to you or a family member.
6. When you fail to meet the legal requirements for a loan.
8. It's like a grade to tell the lender if you are trustworthy with borrowing money.
10. A plan of how much money you will spend at a certain time.
11. Saving your money before spending it all on bills and other things.
14. A bill that has all your credit activity and current information.
16. Bank owned by their members and governed by a board of directors.
17. A way to get a little bit of money, but there is a fine you will have to pay later.
19. The value of money means that a dollar today is worth more than a dollar in the future.
21. What you earn from working.