Financial Algebra

Employment & Income

• Gross Pay: Hourly, Salary, Overtime
  

• Net Pay: Deductions and Withholdings
  

• Commission and Piecework Pay
  

• Taxes: Federal, State, FICA

Budgeting & Consumer Skills

• Creating a Personal Budget
  

• Fixed vs. Variable Expenses
  

• Checking and Savings Accounts
  

• Debit vs. Credit Cards
  

• Reconciling Bank Statements

Banking & Saving

• Simple Interest
  

• Compound Interest
  

• Annual Percentage Yield (APY)
  

• Time Value of Money
  

• Comparing Savings Options

Credit & Loans

• Credit Reports and Scores
  

• Types of Loans: Personal, Auto, Mortgage
  

• Credit Cards: APR, Minimum Payments
  

• Amortization Schedules
  

• Installment Loans vs. Revolving Credit

Buying & Leasing a Car

• Down Payments and Monthly Payments
  

• Depreciation and Trade-In Value
  

• Leasing vs. Financing
  

• Insurance and Other Costs

Housing & Mortgages

• Renting vs. Buying
  

• Mortgage Types and Terms
  

• Property Taxes and Insurance
  

• Closing Costs and Escrow
  

• Mortgage Payment Calculations