(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.
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responsible for raising and lowering interest rates in order to influence the money supply in the US
(the nation's bank)
The FED
A personal check that has been verified by a bank employee that the funds are actually in the account
Certified Check
bills, that must be paid each month and generally cost the same amount- ex: car payment
Fixed Expense
The cost for borrowing money - usually expressed as a %
Interest
savings instrument where a certain amount of money is held for specified amount of time - if taken out early there are penalties
CD
Money you receive AFTER taxes and deductions
Net Pay
must file income earnings annually to them - as they collect taxes
IRS
the ability to convert something to cash quickly- Savings accounts
Liquidity
a general increase in prices and fall in the purchasing value of money over a given time
Inflation
loans that allow you to borrow money and pay it back in equal monthly payments with a fixed interest rate
Installment Loan
Part of the mandatory taxes that are withheld from your check - include Medicare and Social Security
FICA
a method of identity theft carried out through the creation of a fraudulent website, email, or text appearing to represent a legitimate firm
Phishing
a borrower's payment history, credit score, credit history, and relationship with prior debtors
Character
investment product issued by the U.S. Department of the Treasury to help pay for the U.S. government's borrowing needs
U.S. Savings Bond
Money that is not backed by anything but our belief that is has value
Fiat
illegal practice in which lenders avoid providing services to individuals living in poor communities or based on race discrimination
Redlining
a loan backed by collateral—financial assets you own, like a home or a car
Secured Loan
unexpected good fortune in income- examples- inheritance, lottery winning, gifts
Windfall
When your spending exceeds your income- this is NOT GOOD
Deficit
a process that begins when a borrower fails to make their mortgage payments, the lender typically repossesses and attempts to sell the house
Foreclosure
type of credit card that is backed by a cash deposit from the cardholder- used to improve their credit scores or establish a credit history.
Secured Credit Card
type of loan used to purchase or maintain a home, land, or other types of real estate
Mortgage
Overdraft
Spending more money than you have in your account
allows your employer to make deposits straight into your bank account instead of giving you a paper check to deposit yourself. This allows you to access your money more quickly and easily
Direct Deposit
refers to how much credit you are able to handle- how much can you afford to borrow?
Capacity
signing the back of a check before you can deposit it in your account.- be specific with where you want your money to go
Endorsement
A student loan is an example of this type of loan- where there is no collateral at stake to repay it
Unsecured Loan
a printed order for payment of a specified sum, issued by a bank or Post Office- be careful of forgeries
Money Order
Government Insures bank accounts up to $250,000
FDIC
An unlawful act- the act of lending money at an interest rate that is considered unreasonably high or that is higher than the rate permitted by law
Usury
A surplus the amount of income that is left for an individual, household, or business after paying the necessary or essential expenses
Discretionary Income
legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts
Bankruptcy
One of the 3 "C"s of credit -something provided to a lender as a guarantee of repayment
Collateral
Law that requires lenders to provide you with the total loan cost information
Truth in Lending Act
A court order requiring an employer to pay part of an employee's wages to the creditor
Garnishment
A short term - high cost loan where the person's next pay check is used as collateral
Pay Day Loans
Government department that collects taxes and prints money
US Treasury
Savings of around 3-6 months of income - just "in case" something unforeseen happens
Emergency Fund
check drawn from the bank's own funds, not yours, and signed by a cashier or teller
Cashier's Check
9 digit number on bottom of a check that tells the bank where the account came from
Routing Number
the money that you originally borrowed and goes down as you begin to pay the loan back
Principal
a person who relies on another, especially a family member, for financial support
Dependent
strategy where you put saving for your future as a priority
PYF
something a person or company owes, usually a sum of money
(your responsibilities)
Liability
costs that change from month to month
Variable Expense
the magic rule - the time OR the APR needed to DOUBLE your money (investment)
Rule of 72
Annual Percentage Rate - amount of interest charged on a loan
APR
a person who agrees to be legally responsible to pay a debt if the borrower does not pay back a loan as agreed
Co-Signer
Money you make BEFORE taxes and deductions
Gross Wages
nonprofit financial institution owned by its members
Credit Union
Exchange goods or services without using money
Barter
