Money Basics
What is money you receive from working a job, allowance, gifts, or other sources.
What is income?
This is money you set aside for future use instead of spending right away.
What is saving?
A coupon for $10 off a $50 purchase reduces the price by what percentage?
Money coming into your budget is called this.
What is income?
This is money that you borrow and agree to pay back later.
What is a plan for how you will spend and save your money.
What is a budget?
Financial experts often recommend having this type of fund for unexpected expenses like car repairs or medical bills.
What is an emergency fund?
A video game costs $60. Sales tax is 8%. What is the total cost?
What are income and expenses?
This is three digit number helps lenders determine how responsible you are with borrowing money.
What is a credit score?
Food, housing, and clothing are examples of these because they are things you must have to live.
What are needs?
What type of bank account is designed to help your money grow by earning interest.
This term describes getting the most benefit or quality for the money you spend.
What is value?
What is the #1 HBCU?
What is Spelman College?
This is a fee charged for borrowing money on a credit card loan.
What is interest?
This financial habit means setting aside money before spending it on anything else.
What is paying yourself first?
You deposit $1,000 into a savings account that earns 5% interest per year. After one year, how much interest will you earn?
A $40 shirt is marked down 20%. Then an additional 10% discount is applied to the sale price. What is the final price?
What is $28.80?
You earn $400 and budget $100 for savings. An unexpected expense of $50 comes up. What is the best budget category to use first?
What is an emergency fund?
Paying bills on time can help improve this.
What is your credit score?
If you earn $500 from a part-time job. You save 20%, spend 50%, and use the rest for future expenses. How much money did you save?
What is $100?
A savings account earns 5% interest annually. If you deposit $2,000, how much money will be in the account after one year?
What is $2,100?
What is the name of the company that sponsored this event and what company owns them?
What is Cricket Wireless and AT&T?
This type of card allows you to spend money you already have in your checking account.
What is a debit card?
Name one factor that can hurt your credit score.
What is missing payments, paying late, maxing out credit cards, or defaulting on a loan?