InterestThe cost forborrowingmoney - usuallyexpressed as a%Charactera borrower'spayment history,credit score,credit history, andrelationship withprior debtorsVariableExpensecosts thatchangefrom monthto monthUnsecuredLoanA student loan isan example ofthis type of loan-where there isno collateral atstake to repay itForeclosurea process that beginswhen a borrower failsto make theirmortgage payments,the lender typicallyrepossesses andattempts to sell thehouseIRSmust fileincomeearningsannually tothem - as theycollect taxesRuleof 72the magic rule -the time OR theAPR needed toDOUBLE yourmoney(investment)CollateralOne of the 3 "C"sof credit -somethingprovided to alender as aguarantee ofrepaymentUsuryAn unlawful act- theact of lending moneyat an interest ratethat is consideredunreasonably high orthat is higher than therate permitted by lawDependenta person whorelies on another,especially afamily member,for financialsupportPYFstrategywhere youput saving foryour future asa priorityGrossWagesMoney youmakeBEFOREtaxes anddeductionsSecuredLoana loan backedby collateral—financial assetsyou own, like ahome or a carBankruptcylegal process throughwhich people or otherentities who cannotrepay debts tocreditors may seekrelief from some or allof their debtsRedliningillegal practice inwhich lenders avoidproviding servicesto individuals livingin poor communitiesor based on racediscriminationFiatMoney that isnot backed byanything butour belief thatis has valueCreditUnionnonprofitfinancialinstitutionowned by itsmembersNetPayMoney youreceiveAFTERtaxes anddeductionsTheFEDresponsible forraising and loweringinterest rates inorder to influencethe money supply inthe US(the nation's bank)DirectDepositallows your employer tomake deposits straightinto your bank accountinstead of giving you apaper check to deposityourself. This allows youto access your moneymore quickly and easilyGarnishmentA court orderrequiring anemployer to paypart of anemployee's wagesto the creditorSecuredCreditCardtype of credit cardthat is backed by acash deposit from thecardholder- used toimprove their creditscores or establish acredit history.Principalthe money thatyou originallyborrowed andgoes down asyou begin to paythe loan backUSTreasuryGovernmentdepartmentthat collectstaxes andprints moneyFDICGovernmentInsures bankaccounts upto $250,000FixedExpensebills, that must bepaid each monthand generallycost the sameamount- ex: carpaymentMortgagetype of loan usedto purchase ormaintain a home,land, or othertypes of realestatePhishinga method of identitytheft carried outthrough the creationof a fraudulentwebsite, email, ortext appearing torepresent a legitimatefirmWindfallunexpected goodfortune in income-examples-inheritance, lotterywinning, giftsFICAPart of themandatory taxesthat are withheldfrom your check -include Medicareand SocialSecurityAPRAnnualPercentageRate - amountof interestcharged on aloanEmergencyFundSavings of around3-6 months ofincome - just "incase" somethingunforeseenhappensCo-Signera person whoagrees to belegally responsibleto pay a debt if theborrower does notpay back a loan asagreedLiquiditythe ability toconvertsomething tocash quickly-SavingsaccountsRoutingNumber9 digit numberon bottom of acheck that tellsthe bank wherethe accountcame fromCashier'sCheckcheck drawnfrom the bank'sown funds, notyours, andsigned by acashier or tellerDeficitWhen yourspendingexceeds yourincome- this isNOT GOODEndorsementsigning the back ofa check beforeyou can deposit itin your account.-be specific withwhere you wantyour money to goInstallmentLoanloans that allowyou to borrowmoney and pay itback in equalmonthly paymentswith a fixedinterest rateSpendingmore moneythan youhave in youraccountOverdraftCDsavings instrumentwhere a certainamount of money isheld for specifiedamount of time - iftaken out earlythere are penaltiesPayDayLoansA short term -high cost loanwhere theperson's next paycheck is used ascollateralBarterExchangegoods orserviceswithout usingmoneyLiabilitysomething aperson orcompany owes,usually a sum ofmoney(yourresponsibilities)Capacityrefers to howmuch credit youare able tohandle- howmuch can youafford to borrow?U.S.SavingsBondinvestment productissued by the U.S.Department of theTreasury to helppay for the U.S.government'sborrowing needsCertifiedCheckA personal checkthat has beenverified by a bankemployee that thefunds are actuallyin the accountDiscretionaryIncomeA surplus the amountof income that is leftfor an individual,household, orbusiness after payingthe necessary oressential expensesMoneyOrdera printed order forpayment of aspecified sum,issued by a bankor Post Office- becareful of forgeriesTruth inLendingActLaw thatrequires lendersto provide youwith the totalloan costinformationInflationa generalincrease in pricesand fall in thepurchasing valueof money over agiven timeInterestThe cost forborrowingmoney - usuallyexpressed as a%Charactera borrower'spayment history,credit score,credit history, andrelationship withprior debtorsVariableExpensecosts thatchangefrom monthto monthUnsecuredLoanA student loan isan example ofthis type of loan-where there isno collateral atstake to repay itForeclosurea process that beginswhen a borrower failsto make theirmortgage payments,the lender typicallyrepossesses andattempts to sell thehouseIRSmust fileincomeearningsannually tothem - as theycollect taxesRuleof 72the magic rule -the time OR theAPR needed toDOUBLE yourmoney(investment)CollateralOne of the 3 "C"sof credit -somethingprovided to alender as aguarantee ofrepaymentUsuryAn unlawful act- theact of lending moneyat an interest ratethat is consideredunreasonably high orthat is higher than therate permitted by lawDependenta person whorelies on another,especially afamily member,for financialsupportPYFstrategywhere youput saving foryour future asa priorityGrossWagesMoney youmakeBEFOREtaxes anddeductionsSecuredLoana loan backedby collateral—financial assetsyou own, like ahome or a carBankruptcylegal process throughwhich people or otherentities who cannotrepay debts tocreditors may seekrelief from some or allof their debtsRedliningillegal practice inwhich lenders avoidproviding servicesto individuals livingin poor communitiesor based on racediscriminationFiatMoney that isnot backed byanything butour belief thatis has valueCreditUnionnonprofitfinancialinstitutionowned by itsmembersNetPayMoney youreceiveAFTERtaxes anddeductionsTheFEDresponsible forraising and loweringinterest rates inorder to influencethe money supply inthe US(the nation's bank)DirectDepositallows your employer tomake deposits straightinto your bank accountinstead of giving you apaper check to deposityourself. This allows youto access your moneymore quickly and easilyGarnishmentA court orderrequiring anemployer to paypart of anemployee's wagesto the creditorSecuredCreditCardtype of credit cardthat is backed by acash deposit from thecardholder- used toimprove their creditscores or establish acredit history.Principalthe money thatyou originallyborrowed andgoes down asyou begin to paythe loan backUSTreasuryGovernmentdepartmentthat collectstaxes andprints moneyFDICGovernmentInsures bankaccounts upto $250,000FixedExpensebills, that must bepaid each monthand generallycost the sameamount- ex: carpaymentMortgagetype of loan usedto purchase ormaintain a home,land, or othertypes of realestatePhishinga method of identitytheft carried outthrough the creationof a fraudulentwebsite, email, ortext appearing torepresent a legitimatefirmWindfallunexpected goodfortune in income-examples-inheritance, lotterywinning, giftsFICAPart of themandatory taxesthat are withheldfrom your check -include Medicareand SocialSecurityAPRAnnualPercentageRate - amountof interestcharged on aloanEmergencyFundSavings of around3-6 months ofincome - just "incase" somethingunforeseenhappensCo-Signera person whoagrees to belegally responsibleto pay a debt if theborrower does notpay back a loan asagreedLiquiditythe ability toconvertsomething tocash quickly-SavingsaccountsRoutingNumber9 digit numberon bottom of acheck that tellsthe bank wherethe accountcame fromCashier'sCheckcheck drawnfrom the bank'sown funds, notyours, andsigned by acashier or tellerDeficitWhen yourspendingexceeds yourincome- this isNOT GOODEndorsementsigning the back ofa check beforeyou can deposit itin your account.-be specific withwhere you wantyour money to goInstallmentLoanloans that allowyou to borrowmoney and pay itback in equalmonthly paymentswith a fixedinterest rateSpendingmore moneythan youhave in youraccountOverdraftCDsavings instrumentwhere a certainamount of money isheld for specifiedamount of time - iftaken out earlythere are penaltiesPayDayLoansA short term -high cost loanwhere theperson's next paycheck is used ascollateralBarterExchangegoods orserviceswithout usingmoneyLiabilitysomething aperson orcompany owes,usually a sum ofmoney(yourresponsibilities)Capacityrefers to howmuch credit youare able tohandle- howmuch can youafford to borrow?U.S.SavingsBondinvestment productissued by the U.S.Department of theTreasury to helppay for the U.S.government'sborrowing needsCertifiedCheckA personal checkthat has beenverified by a bankemployee that thefunds are actuallyin the accountDiscretionaryIncomeA surplus the amountof income that is leftfor an individual,household, orbusiness after payingthe necessary oressential expensesMoneyOrdera printed order forpayment of aspecified sum,issued by a bankor Post Office- becareful of forgeriesTruth inLendingActLaw thatrequires lendersto provide youwith the totalloan costinformationInflationa generalincrease in pricesand fall in thepurchasing valueof money over agiven time

W!SE Financial Literacy - Call List

(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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  1. The cost for borrowing money - usually expressed as a %
    Interest
  2. a borrower's payment history, credit score, credit history, and relationship with prior debtors
    Character
  3. costs that change from month to month
    Variable Expense
  4. A student loan is an example of this type of loan- where there is no collateral at stake to repay it
    Unsecured Loan
  5. a process that begins when a borrower fails to make their mortgage payments, the lender typically repossesses and attempts to sell the house
    Foreclosure
  6. must file income earnings annually to them - as they collect taxes
    IRS
  7. the magic rule - the time OR the APR needed to DOUBLE your money (investment)
    Rule of 72
  8. One of the 3 "C"s of credit -something provided to a lender as a guarantee of repayment
    Collateral
  9. 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
  10. a person who relies on another, especially a family member, for financial support
    Dependent
  11. strategy where you put saving for your future as a priority
    PYF
  12. Money you make BEFORE taxes and deductions
    Gross Wages
  13. a loan backed by collateral—financial assets you own, like a home or a car
    Secured Loan
  14. 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
  15. illegal practice in which lenders avoid providing services to individuals living in poor communities or based on race discrimination
    Redlining
  16. Money that is not backed by anything but our belief that is has value
    Fiat
  17. nonprofit financial institution owned by its members
    Credit Union
  18. Money you receive AFTER taxes and deductions
    Net Pay
  19. responsible for raising and lowering interest rates in order to influence the money supply in the US (the nation's bank)
    The FED
  20. 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
  21. A court order requiring an employer to pay part of an employee's wages to the creditor
    Garnishment
  22. 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
  23. the money that you originally borrowed and goes down as you begin to pay the loan back
    Principal
  24. Government department that collects taxes and prints money
    US Treasury
  25. Government Insures bank accounts up to $250,000
    FDIC
  26. bills, that must be paid each month and generally cost the same amount- ex: car payment
    Fixed Expense
  27. type of loan used to purchase or maintain a home, land, or other types of real estate
    Mortgage
  28. a method of identity theft carried out through the creation of a fraudulent website, email, or text appearing to represent a legitimate firm
    Phishing
  29. unexpected good fortune in income- examples- inheritance, lottery winning, gifts
    Windfall
  30. Part of the mandatory taxes that are withheld from your check - include Medicare and Social Security
    FICA
  31. Annual Percentage Rate - amount of interest charged on a loan
    APR
  32. Savings of around 3-6 months of income - just "in case" something unforeseen happens
    Emergency Fund
  33. 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
  34. the ability to convert something to cash quickly- Savings accounts
    Liquidity
  35. 9 digit number on bottom of a check that tells the bank where the account came from
    Routing Number
  36. check drawn from the bank's own funds, not yours, and signed by a cashier or teller
    Cashier's Check
  37. When your spending exceeds your income- this is NOT GOOD
    Deficit
  38. 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
  39. loans that allow you to borrow money and pay it back in equal monthly payments with a fixed interest rate
    Installment Loan
  40. Overdraft
    Spending more money than you have in your account
  41. savings instrument where a certain amount of money is held for specified amount of time - if taken out early there are penalties
    CD
  42. A short term - high cost loan where the person's next pay check is used as collateral
    Pay Day Loans
  43. Exchange goods or services without using money
    Barter
  44. something a person or company owes, usually a sum of money (your responsibilities)
    Liability
  45. refers to how much credit you are able to handle- how much can you afford to borrow?
    Capacity
  46. 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
  47. A personal check that has been verified by a bank employee that the funds are actually in the account
    Certified Check
  48. A surplus the amount of income that is left for an individual, household, or business after paying the necessary or essential expenses
    Discretionary Income
  49. a printed order for payment of a specified sum, issued by a bank or Post Office- be careful of forgeries
    Money Order
  50. Law that requires lenders to provide you with the total loan cost information
    Truth in Lending Act
  51. a general increase in prices and fall in the purchasing value of money over a given time
    Inflation