Budgeting Basics
What popular budgeting rule allocates a certain % to pay for needs, __% for wants, and ___% for savings?
The 50/30/20 rule
What three-digit number, ranging from 300–850, affects your ability to get loans and apartments?
Credit score
What investing principle says you should spread money across different asset types to reduce risk?
Diversification
What is the nickname of DePaul's athletic teams?
The Blue Demons
What type of bank account earns interest and is best for storing your emergency fund?
a high-yield savings account
Using more than what percentage of your available credit limit can hurt your credit score?
30%
An S&P 500 index fund tracks the performance of how many of America's largest publicly traded companies?
500
Besides loop, what Chicago neighborhood is home to DePaul's second main campus?
The Lincoln park
Financial experts recommend keeping 3–6 months of what in an emergency fund?
living expenses
What type of interest causes your student loan balance to grow even while you're in school?
unsubsidized interest
This financial term refers to how easily and quickly an asset or security can be converted into ready cash without affecting its market.
Liquidity
What is the name of DePaul's college of business?
the Driehaus College of Business
What free government website helps you track all your federal student loan balances and repayment options?
Paying only that amount on your credit card each month avoids late fees but leads to maximum interest charges.
minimum payment
Einstein allegedly called what financial phenomenon "the eighth wonder of the world"?
compound interest
DePaul is named after what 17th-century French priest, known for serving the poor?
St. Vincent de Paul