SPENDING AND SAVINGS
What is the best name for money set aside to cover unexpected expenses like car repairs or medical bills?
What is an emergency fund?
What is the term for behaviors like responsibility, communication, and teamwork?
What are soft skills?
What is the name of the money you must pay before insurance begins covering costs?
What is a deductible?
What is money earned from an investment called?
What is a return?
Using borrowed money that must be repaid later is known as what?
What is credit?
Which banking account is mainly designed for everyday spending and purchases?
What is a checking account?
What document is usually sent with a resume to explain why you are interested in a job?
What is a cover letter?
What type of insurance helps pay for doctor visits and medical care?
What is health insurance?
Stocks represent ownership in what?
What is a company?
Which type of card uses money directly from your bank account?
What is a debit card?
If someone spends more money than they earn each month, this is called what?
What is a budget deficit?
What is the main purpose of a job interview?
What is allowing employers to evaluate applicants?
Why do younger drivers often pay higher car insurance premiums?
What is higher risk?
Why should people begin saving for retirement early?
What is allowing investments more time to grow?
What usually happens to your credit score if you miss several loan payments?
What is the credit score decreases?
According to the 50/30/20 rule, which category should receive the largest percentage of your income?
What are needs?
Name one thing you should do during a professional interview.
What is maintaining eye contact, dressing professionally, or speaking clearly?
If a storm damages your vehicle while parked, which type of coverage would most likely help pay for repairs?
What is comprehensive coverage?
What is one risk of investing all your money into only one company’s stock?
What is increased financial risk?
Why is it important to pay credit card balances on time?
What is avoiding late fees and protecting credit history?
A person deposits $500 into a savings account that earns interest. What is the main advantage of keeping money in this type of account?
What is earning interest on savings?
What is one advantage of networking with professionals in your career field?
What is learning about job opportunities or gaining career advice?
Why do insurance companies group customers by risk levels?
What is determining premium costs fairly?
A person buys 20 shares of stock for $15 each and later sells them for $22 each. What is the total profit?
What is $140?
Which type of loan is commonly secured using the item being purchased as collateral?
What is an auto loan or mortgage?