Careers &
College
College
This college usually has lower tuition than a private college.
What is a state college?
This is the upfront cash payment you make when buying a house or a car.
What is a down payment?
This is the extra charge you pay when you borrow money or carry a credit card balance, it is the percentage of what you owe.
What is interest?
This insurance is always mandated by law.
What is auto insurance?
This is a piece of ownership in a company.
What is a stock?
This degree is received after a bachelor's degree.
What is a master's or doctorate degree?
A 30-year mortgage versus a 15-year mortgage - this one has higher monthly payments but costs less interest overall.
What is a 15-year mortgage?
This specific card deducts money directly from the cardholder's own bank account.
What is a debit card?
This is the amount you must pay out of pocket before your insurance company starts covering costs.
What is a deductible?
This term describes how much money you are comfortable potentially losing in exchange for the chance to earn higher investment returns.
What is risk tolerance?
A job that doesn't require a college degree may require this type of schooling.
What is a trade school?
The recommended budgeting breakdown is called the 50/30/20 rule. This is the portion that is 50%.
What are needs?
This number tells a lender how risky it is to lend you money.
What is a credit score?
The name of the monthly payment for your insurance policy.
What is the premium?
This is the act of investing in various assets in order to reduce risk.
What is diversification?
These are types of free money given for college you never have to pay back. It is often given to a person awarded based on financial need or merit.
What is a grant or scholarship?
This is the loss of the value of a car or a home over time.
What is depreciation?
This is the maximum amount of money a credit card company allows you to charge on your card.
What is a credit limit?
The request made by a policy holder that the insurance make a payment.
What is a claim?
This is the average annual return on a long-term investment in the stock market.
What is 7%?
This is the average total cost for a four-year undergraduate degree from a public in-state university.
What is over $100,000?
This is the minimum amount of monthly expenses experts recommend you have in savings.
What is 3-6 months?
Principal x Rate x Time = this
What is interest?
This soccer superstar took out a $144 million policy to protect his legs.
Who is Cristiano Ronaldo?
This type of investment is considered the lowest risk investment, earning approximately .4% interest per year.
What is a savings account?