1
something you want to achieve in anywhere from a few days to 1 year
short-term goal
money you earn from jobs/careers
Income
What you pay for (ex. rent, phone bill, dining out)
Expenses
something you want to achieve in 5+ years
long-term goal
Who was the 1st president of the US
George Washington
Expenses that stay the same each month
fixed expenses
Expenses that change each month
Variable expenses
something you want to achieve in anywhere from 1-5 years
intermediate goal
True or false: social media can affect your credit score
True
Volleyball, track, dance, equestrian
What ratio is calculated by dividing your liabilities (vehicle/student loan) by your assets (anything of value)
Debt-to-assets
What is the difference between a paycheck and a paystub
paycheck is the actual check, paystub gives the details
Name 2 ways a check can be cashed
Direct deposit, go to the bank, mobile deposit, ATM
what ratio is calculated by dividing your monthly debt by your monthly gross income
Debt-to-income
What is the 4th planet from the sun
Mars
What does it mean if a loan is secure?
There is some form of collateral
What ratio is used to determine your credit score
debt-to-limit
Name 2 things that are part of creating a financial plan
managing peer pressure, limiting expenses when necessary, making a spending/savings plan, analyzing opportunity costs, weighing needs and wants, creating a budget
What is the difference between a credit union and a bank
Credit unions are non-profit
Kenny Chesney
What are the 3 types of loans/borrowing?
Credit card, consumer installment loan, mortgage
Name 2 types of savings accounts
CD, Money Market
What are the 4 C's of credit
Collateral, capital, capacity, character
Payment history, types of credit in use, pursuit of new credit, credit history, outstanding debt
what is Ms. Fleming's favorite musical
Hamilton