EVERFI FLASH CARDS
Type of degree that takes 2 years of studying and is dedicated training toward a specific career.
Associate’s degree
Type of degree that usually takes 4 years of studying or it can also be called a undergraduate degree.
Bachelor’s degree
After your done completing your bachelor’s degree, you can go on to create a master’s program. This type of degree takes one to 2 years.
Master’s degree
Type of degree that is highly specialized in regards to a specific profession and takes 3 to 5 years to earn after you’ve completed your bachelor’s degree.
Doctoral degree
Type of bank account in which interest is not usually applied to the principal, and offers a safe place to store your money and lets you make withdrawals using a ATM card, debit card, or personal check.
Checking’s account
Type of savings vehicle in which interest is earned on the deposit amount. This type of account usually require a minimum balance, offer lower interest rates, and to have restrictions on the number of withdrawals with the given time period.
Saving’s account
A payment type that does not automatically draw money from your checking’s account. It provides a small loan from the credit card company. At the end of the month you will receive a bill with all your charges. You can either pay off your balance or pay the minimum payment.
Credit card
A payment type that allows you to make purchases using money directly from your checking account.
Debit card
When money is added into a bank account, also known as credit.
Deposit
The money your spending. This includes everything you buy, such as food, concert tickets, or even a pack of gum.
Expenses
A plan for spending or saving money that is made up of income and expenses.
Budget
An expense that occurs normally. This amount does not typically change from month-to-month.
Fixed expenses
Spending that is based on the purchase decisions you make. These can vary from month to month.
Variable expenses
Money you earn, like money you may get from your birthday or allowance from your parents.
Income
Positive earnings, when you earned more in revenue than you spent on expenses.
Profit
