Budgeting
Credit Cards
Taxes
Investing
Loans and Debt
100
These are the items that do not change in cost from week to week or month to month.
What are fixed costs/expenses?
100
A 3-digit number that determines your worthiness for financing by a bank.
What is a credit score?
100
Typically, the largest deduction from your paycheck comes from this tax.
What is Federal Income Tax?
100
Owning a share of _____ entitles you to a very small ownership stake in a company.
What is stock?
100
APR stands for _______.
What is annual percentage rate?
200
Money that is leftover after paying all necessary bills and expenses.
What is disposable income?
200
A document that can be requested once a year for free that details all of your outstanding debt and loans.
What is a credit report?
200
Your ______ income is calculated before taxes, while your ______ income is calculated after taxes.
What is gross and net?
200
An actively managed pool of stocks or other securities that is put together to diversify risk.
What is a mutual fund?
200
This is generally the largest type of loan you will take out during your lifetime.
What is a mortgage?
300
Budgeting means __________.
What is allocating your income to various spending categories?
300
One incurs debt that must be paid back, the other is a direct withdrawal from your checking account.
What is the difference between a credit card and a debit card?
300
This tax, at 7.65%, is deducted to pay for social security and medicare.
What is FICA (Federal Insurance Contributions Act)?
300
Name one of the many companies that a amateur or beginner investor could start with.
What is E*Trade, Scottrade, Vanguard, Merrill Edge, T. Rowe Price, Fidelity, Charles Schwab, etc.?
300
This is the total of the interest rate and any fees associated with a loan, debt, or credit card.
What are finance charges?
400
Name one of the myriad of budgeting softwares/apps on the market?
What is Mint, Level, YNAB, or others?
400
A popular accounting method by which your credit card company will determine how much you owe.
What is average daily balance?
400
In this type of retirement account, contributions are taken out of after-tax income.
What is a Roth IRA?
400
Name any one of the primary markets for trading securities in the United States.
What is the S&P 500, NASDAQ, or the Dow Jones?
400
In the worst case, the following can occur if you do not pay back a debt.
What is taking the money out of your tax return or your paycheck?
500
Name one of the most common reasons that people fail when trying to budget.
What is setting unrealistic expectations OR not allowing for slack in the budget?
500
The first authority you should notify in the event you believe you have been a victim of identity theft.
What is the Federal Trade Commission (FTC)?
500
This is the tax levied on earnings from holding stocks, bonds, or mutual funds.
What is the capital gains tax?
500
When you invest in a _______ asset, you would expect a _____ return on your investment.
What is risky and higher?
500
A student loan that is subsidized means that ________.
What is you do not accrue interest during school?
M
e
n
u