Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Vault

Financial Literacy

QuestionAnswer
Assets What a person owns of value, such as jewelry, savings, art, a home, and a car.
Bank A place where people put their money for safekeeping, and for ease of use.
Brokerage firm Helps people invest their money.
Budget A spending plan people make in order to make sure there is enough income to cover all expenses.
Career Something you build by going to school and working jobs related to the career you want.
Certificate of deposit A savings certificate that gains interest and has a set time before you can withdraw your money.
Charity Giving resources or volunteering time to help those in need.
Comparison shopping Finding out whether or not what you are about to buy can be found for a better price or in better shape at a different store.
Controlling risks Stuff you do to make risks less dangerous or not dangerous at all.
Credit A loan that a person uses to pay for things, but is expected to pay back
Credit union Just like a bank, only its members own it.
Decision making Considering different information to make a choice.
Entrepreneur A person who starts his or her own business.
Expense The cost of things that people spend money on.
Financial advisor A person who is an expert at handling money and can give you information and advice about saving and investing.
Financial institution A place, like a bank, that helps its members manage their money.
Financial Literacy The knowledge and skills to manage money.
Health insurance Helps people pay for medicine and doctors when they are sick or hurt.
Impulse buying Buying stuff without thinking about whether or not you need it.
Income Money earned from working and other means.
Income tax Annual tax placed on money employees make at jobs and collected by the federal government, most states, and some local governments.
Inflation The price of goods and services rises over time.
Interest The extra fee charged for borrowing money, or the cost of borrowing money.
Investing When you purchase a security like a stock or bond, in the hopes that over time it will make money.
Job Work you do for money
Long term goal A goal that can be achieved in a longer amount of time. It can be months, years, or even an entire lifetime.
Need Something you truly cannot live without
Opportunity cost The cost we pay when we give up something to get something else.
Payment method What you use to pay for something, like cash or a check.
Peer pressure Doing stuff just because your friends are doing it, or because your friends told you to, because you want your friends to like you and think you are cool.
Privacy Keeping important information to yourself or between yourself and close family members.
Reliability Being trustworthy; being responsible.
Risk An activity or action that might be dangerous.
Risk prevention Stuff you do to stop consequences of risks from happening
Salary Payment for work, represented as a yearly sum and paid in portions every week, two weeks, or month including sick time and vacation time.
Sales Tax A fee added to the sticker price of an item that is paid to a state or city.
Savings Money set aside for short- or long-term goals
Savings account An account that gains interest and allows withdrawals.
Short-term goal A goal that can be achieved in a short amount of time. It can be a few days, weeks, or months.
Spend To use money to buy stuff
Taxes Fees placed on income, purchases, or property to support government programs.
Wage Payment for work, usually calculated on an hourly, daily, or piecework basis and paid on schedule - Usually every week, two weeks, or month.
Want Something you would like to have but will be OK without.
Created by: gloshelder
Popular Computers sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards