Budgeting
This type of budget allocates 50% of income to needs, 30% to wants, and 20% to savings or debt repayment.
What is the 50/30/20 budget
A credit cardholder must pay this amount in addition to the borrowed amount.
What is interest
This company created the FICO score.
What is the Fair Isaac Corporation
This book by Tiffany Aliche provides practical budgeting advice for beginners.
What is Get Good with Money
This budgeting method ensures every dollar is assigned to a specific expense or savings category.
What is the Zero-Based Budget
This type of credit allows you to borrow, repay, and borrow again.
What is revolving credit
This is the most important factor influencing your credit score.
What is payment history
This type of information includes your name, Social Security number, and address.
What is personal information
This debt payoff method targets the smallest debt first.
What is the Debt Snowball method?
This system uses cash divided into envelopes for specific spending categories.
What is the Envelope System
The primary difference between a credit card and a debit card is this.
What is borrowing funds
A credit mix refers to having a variety of these.
What are types of credit
You should review your credit report for these three issues.
What are mistakes, fraud, and negative matters
This budgeting app is also known as YNAB.
What is You Need a Budget?
One of the main components of a budget, these are expenses that remain constant each month.
What are fixed expenses
This type of card requires an initial deposit and is a great tool for building credit.
What is a secured credit card
This is the percentage of larger banks that use your FICO score to determine credit eligibility.
What is 90%
This group of people can access your credit report to assess risk.
Who are lenders, employers, government agencies, insurance companies, or landlords
This is the location of the Office of Financial Literacy Programs.
What is 200 Bowne Hall
An achievable and realistic savings goal should always prioritize this concept.
What is paying yourself first
Paying off this type of credit card balance monthly will help avoid interest charges.
What is the full balance
The three main credit bureaus providing reports are Equifax, Experian, and this.
What is TransUnion
You should check your credit report at least this many times a year.
What is once
This is the most favorable time to start learning about credit.
What is when you turn 18