Who said the only way to learn about money was to read articles on top of articles? Financial education is all around us—provided you look closely enough. Increase your awareness with the SALT Blog video of the week, picked fresh from YouTube.
Our last video of the week talked about reinventing an important piece of a person’s identity: their appearance. Now, we’re talking about changing another variable in the identity equation: names.
What’s interesting to me is the way this guy goes about picking new “names” for these everyday objects. He’s not inventing random gibberish (“pizza” becomes “yum circles,” not “fwiqfr”) or using a different language. Instead, he’s just basing his new titles on the qualities, functions, or reputations of the object. It’s not so much a renaming exercise as it is a brutally honest clarification. We laugh, because we know what he comes up with is true.
So with that in mind, I bring you my clarification of financial terms! Here are names of my own for 20 money-related words that I’ve learned about while working at SALT.
- Budget = Money Organizer
- Career = Money Maker
- College Shopping Sheet = Financial Aid 101
- Credit = Financial Street Cred
- Credit Cards = Devil in Plastic
- Financial Aid = Lifesaver
- Interest = Growing Pains
- NSLDS = Student Loan Wizard
- Promotion = 1-Up
- Raise = Reward for Hard Work
- Retirement = Permanent Vacation
- Salary = Lifeline
- Scholarship = College for Free
- Student Loans = College With Strings Attached
- Student Loan Default = MAYDAY!
- Student Loan Delinquency= Dine and Dash (at least like the guys in this video, who think they’re getting off easy but pay the price in the end.)
- Student Loan Repayment = Cutting the Strings (see “Student Loans”)
- Taxes = Paycheck Robin Hood
- Tax Returns = Paycheck Santa
- 401k = The Big Nest Egg
If you want actual definitions for financial terms, be sure to check out the glossary of SALT’s parent organization, American Student Assistance.
Got new names of your own, or have better ideas for the ones Mike came up with? Let us know in the comments!
