Credit 101
A way for you to buy something now and pay later
CREDIT
a) Where does the US Budget mainly come from?
b) Where do taxes mostly go towards in the US Budget?
a) taxpayers/individual income
b) Healthcare/Social Security/Defense
True or False? Gross Income is taxed at a fixed rate
False
What is a convenient way of accessing your checking account?
Online Banking
Name the 3 Headliners of Coachella 2026
Sabrina Carpenter, Justin Bieber, and Karol G
What you pay to use another person's money
INTEREST
What are some fixed and variable expenses? (name 2 each)
Fixed: rent, subscriptions, deductible
Variable: groceries, electricity, restaurant
What is the relationship between education and unemployment/income
Higher education/ degrees positively correlate to higher salaries and lower unemployment rates
What is it called when you get your paycheck linked directly to your bank account? (No need to cash in a check or deposit money)
Direct Deposit
Name 3 people are going on/already on tour this year
Ariana Grande, Cardi B, Demi Lovato, J Cole, Bruno Mars,...
How does your credit score affect you?
APR%, credit card limit, credit card eligibility, loan rates and amount
What is the 50/30/20 rule?
Budgeting Strategy
50% Needs, 30% Wants, 20% Savings
Name some job benefits
Health Insurance, Dental or Vision, Pet Insurance 401k, PTO/Vacation Days, Sick Leave, Work from Home/ Hybrid, etc.
A secure way to send money (safer than checks), can purchase at banks, retail stores
money order
Who said it?: " Guess who's jealous of Adele... BEYONCE?"
Wendy Williams
What factors affect your credit score? (name 3)
payment history, total debt owed, length of credit history, new or recent credit, types of credit
Suppose you had $100 in a savings account and the simple interest rate was 5% per year. How much interest is accumulated in 5 years?
(I= PxRxT)
$25
What are some cost of jobs?
Education/Training/Licenses, Commute, Technology, At home set up, Busy Work Weeks
A tool used through online banking, either used on your checkings or savings account to pay bills/subscription on a fixed time schedule
automatic bill pay
What is the name of Christopher Nolan's upcoming and anticipated film this july?
(Cast: Tom Holland, Zendaya, Anne Hathaway, Matt Damon, Mia Goth, Jon Bernthal, Robert Pattinson, etc.)
The Odyssey
What are some good credit card tips? (name 3)
Make Payments on time
Stay under 30% of limit
Make purchases you can pay off
Check Credit Statements and Balance
a) What are the 2 types institutions called, where i put my money? (Chase, Schools First, Well Fargo, OCCU)
b) What is the difference between the two
a) Banks, Credit Unions
b) Banks: more options. open to everyone, for profit
CU: members only, lower rates, non profit
What factors indicate job security?
Low unemployment rate, Job Growth Expectancy, Demand in the worforce
new accounts such as loans/credit cards/insurances are opened under your name, but never purchased by you
Identity Theft
If I'm the birthday, but my friend is doing way too much then who are they?
My friend is being way too extra, she the confetti!
Answers may vary