Budgeting & Saving
This fund is set aside for major emergencies
Emergency Fund
What does ROI stand for?
Return On Investment
This type of card removes money instantly from your account
Debit card
The term IPO stand for...
Initial Public Offering
This president is on the $1 bill
George Washington
Purchasing things because you want to is considered
A want
The acronym "APR" stands for
Annual Percentage Rate
This card takes a few business days to process transcations.
This document lists a company's assets, liabilities, and equity
Balance Sheet
The term used to symbolize the monthly payments for a car
Car Note
The recommended percentage to spend on your needs
50%
The term used when you have stocks in a company, and the company pays you a percentage back to you quarterly.
Dividends
To "default" on a loan means...
Failing to make required payments
The meeting where companies release their financial information is called:
Earnings Call/Reported Earnings
The financial term used to symbolize all of the tangible and intangible things you own
Assets
The recommended percentage of income to save each month
20%
This type of investment is typically considered safe
Bonds
What percentage of your credit limit should you ideally stay under to maintain a good credit score?
30%
This organization establishes and improves a set of accounting principles that are widely used in the U.S.
GAAP (Generally Accepted Accounting Principles)
This president is on the $50 bill
Ulysess S. Grant
How much should you ideally have in an emergency fund?
3-6 months of living expenses
This film showcased the housing-market crash (the big recession) in 2007.
The Big Short
The recommended credit score range to purchase a house/car/etc. (increments of 100)
500 to 700
What is the term for money that is available to spend or save?
Liquid Assets
The Accounting Hall of Fame was created in 1950 at this university
The Ohio State University