Housing
Auto
Saving
Banking
Misc.
100
The meaning of PITI
What is Principal, Interest, Taxes, and Insurance
100
Affordability, Operating Costs, New or Used, Reliability an Warranty, etc.
What are Factors to Consider when choosing a car
100
The first strategy to build a nest egg
What is to make saving a priority
100
ATM service, Debit Cards, Online Banking
What are Electronic Banking Services (Electronic Funds Transfer Systems (EFTS))
100
These provide financial products and services to people with a common tie (occupation, religion, community, etc.)
What are Credit Unions
200
The most common type of fixed-rate mortgage
What is a 30-year loan
200
The first guideline in a wise car purchasing decision
What is Research Thoroughly
200
Interest paid at set intervals and added back to the principal
What is Compound Interest
200
This account is offered by commercial banks and usually does not pay interest
What is a Regular Checking account
200
Insures accounts at credit unions
What is the National Credit Union Administration (NCUA)
300
ARM stands for
What is an Adjustable Rate Mortgage
300
Lower monthly payments, lower down payment, and a more expensive car for the same monthly payment
What are reasons for leasing a car
300
Debt securities sold at a discount to fund the national debt
What are U.S. TreasuryBills (T-Bills)
300
These are considered Demand Deposits
What are Checking Accounts
300
These are considered Time Deposits
What are Savings Accounts
400
If you move frequently, if you do not have money for a down payment, and/or experience divorce or other financial hardship
What are reasons to rent
400
The two factors when considering the affordability of a car
What are the size of the down payment and the size of the monthly payment
400
A savings instrument where funds mature in 7 days to 7 years or more
What is a Certificate of Deposit (CD)
400
These may offer lower fees than "brick and mortar" banks
What are Internet Banks
400
NOW accounts and Money Market Deposit Accounts
What are Interest-bearing checking accounts
500
A legal which instrument which specifies the deposit requirement, penalties for late payment, monthly due date, and other details
What is a Rental Contract
500
The last guideline to a wise car purchasing decision
What is maintaining and repairing the car
500
Interest paid only on the initial amount of the deposit
What is Simple Interest
500
Insures accounts at banks, savings banks, and S & Ls
What is the Federal Deposit Insurance Corporation (FDIC)
500
A form of ownership of a unit in a multiunit building which may also consist of common areas
What is a Condominium (condo)
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