Credit Card Basics
This three-digit number represents your creditworthiness and is used by lenders to determine your risk level.
What is a credit score?
In the popular 50/30/20 budgeting rule, 50% of your income is allocated to this category, which includes housing and groceries. (Needs/Wants)
What are needs?
Coined by psychologist Carol Dweck, a growth mindset is the belief that these basic qualities can be developed through dedication and hard work.
What are intelligence and abilities (or talents)?
Bullet points under your work experience should always begin with these types of compelling words, such as "Managed," "Designed," or "Coordinated."
What are action verbs?
This document, typically sent alongside a resume, allows you to introduce yourself personally and explain your specific interest in the role.
What is a cover letter?
To avoid paying interest on your credit card purchases, you must pay this specific balance in full every month by the due date.
What is the statement balance (or full balance)?
Financial experts recommend saving 3 to 6 months' worth of living expenses in this specific type of fund to prepare for unexpected events.
What is an emergency fund?
Rather than viewing these as permanent dead-ends, a person with a growth mindset sees them as essential opportunities to learn and improve.
What are failures (or mistakes/setbacks)?
Skills like coding, data analysis, or typing speed that can be easily measured are categorized under this "solid" term.
What are hard skills?
Before listing a former boss or colleague as one of these on an application, you should always ask for their permission first.
What is a professional reference?
This three-letter acronym represents the annualized cost of borrowing money on a credit card, including interest and fees.
What is APR (Annual Percentage Rate)?
Unlike variable expenses like dining out, expenses like rent and car insurance that remain the same every month are known by this term.
What are fixed expenses?
Adding this small, three-letter word to the end of a sentence like "I don't know how to do this" shifts a fixed mindset into a growth mindset.
What is "Yet"?
Unless you are a seasoned executive, standard career advice dictates that a professional resume should not exceed this many pages.
What is one page?
This 9-digit number is commonly requested on a job application or payroll form to verify your identity and handle background checks.
What is a Social Security number?
This type of card requires the cardholder to make a cash deposit that usually equals the credit limit
What is an ATM Card?
Double Points!
In a zero-based budget, your total income minus your total expenses (including savings) should equal exactly zero at the end of the month.
True or False
What is True?
People with a growth mindset actively seek out this type of information from others to help them improve, rather than taking it as a personal attack.
What is constructive criticism (or feedback)?
These are the non-technical interpersonal attributes—like communication and teamwork—that you should weave throughout your resume bullet points.
What are soft skills?
The most commonly asked question in an interview.
What is "Tell me about yourself?"
Double Points!
First mandated by a 1988 law, this standardized table disclosure lists a credit card’s vital statistics, including its APR, annual fees, and grace periods.
What is the Schumer box (or Schumer report)?
This accounting term describes your income—the actual amount of money you take home in your paycheck after taxes and deductions.
What is net pay (or take-home pay)?
The physical process of growing your brain happens when these cellular structures create new neural pathways as you learn.
What are neurons?
This brief section at the very top of a resume outlines a candidate's introduces your and your goals.
What is a professional summary (or objective)?
Double Points!
When applying for jobs, you should carefully read this official document to find key keywords to mirror on your resume.
What is the Job Description?