When we decide to spend or save our money on something, that is money that we also have decided will not be saved or spent on something else. What is this called?
What is the difference between gross pay and net pay?
What is a savings account?
What is a checking account?
When talking about a loan, what is the ‘principal’?
When talking about a loan, what is the ‘term’?
When talking about a loan, what is the ‘interest’?
What is a mortgage?
What is the difference between a fixed rate loan vs. a variable rate loan?
What might impact your ability to get a loan, or the interest rate you have to pay on that loan?
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