Credit Score/Compound Interest
50/30/20 Budget
Avoiding Debt
Pay yourself first: Retirement, Emergency Fund, etc.
Investing/Stocks
100
What is a 3 number digit that determines if you can take out loans?
what is credit score?
100
50% goes to needs, 30% goes to wants, 20% goes to savings
What does the 50/30/20 represent?
100
Loans you have to pay back that grow over time.
What is debt?
100
I put money into retirement and an emergency fund before buying fun things.
What is paying yourself first?
100
I bought stocks in the S&P 500.
What is investing?
200
It's when your money makes its own babies, and then those babies make their own babies.
What is compound interest?
200
What is 20% savings go too?
What is retirement fund, emergency savings, or debt?
200
I don't buy things once if I cant buy it twice
What is avoiding Debt?
200
I'm offered a 401k at my job.
What is a retirement fund?
200
One is short term and day buy day, the other is long term and slow changes over time.
What is the difference between day trading and investing?
300
Both require time to grow.
What makes compound interest and credit score similarity?
300
I make $2,500 monthly after tax and put [___] into wants.
what is $750?
300
University cost $80,000 yearly, but community college cost $12,000 yearly
What is avoiding student/college debt?
300
I got into a crash that cost me $400 in repairs, and was able to pay it off with money I had in savings.
What is an emergency fund?
300
The stock market is down and everybody sold their stocks because they're scared.
What is emotions go up intelligence goes down
400
If you don't pay your full balance every month, this type of "interest on interest" kicks in, making your credit card debt snowball out of control.
What is a poor credit score caused by bad habits
400
I make $2,500 monthly after tax and put [___] into savings.
What is $500
400
I had a small wedding with only the people I'm closest to in my back yard.
What is avoiding wedding debt?
400
I put money into a account for my children to have post highschool.
What is a college fund?
400
A financial benchmark of the top 500 companies in US stock exchange.
What is the S&P 500?
500
If I put $5000 in a high yields saving account with a 3% interest rate how much will I have in 10 years?
What is $1,720
500
I make $2,500 monthly after tax and put [___] into needs.
what is $1250?
500
Before college I applied to as many scholarships as possible and financial aid
What is minimizing student/college debt?
500
I've been avoiding buys a Prada bag I want, and trying to put more money into my savings first.
What is avoiding temptation/paying your future self first?
500
A profession the requires you to be good with money, check the stock market, and work well with people.
What is a financial advisor?