Credit and Loans
This three-digit number reflects how trustworthy you are with credit.
What is a credit score?
This type of bank account is used for everyday spending and transactions.
What is a checking account?
This document highlights your skills, education, and experience when applying for jobs.
What is a résumé?
CFA stands for this.
What is the Center for Financial Advancement?
Buying a small piece of ownership in a company is called buying this.
What is a stock?
Your credit utilization ratio should ideally stay below this percentage.
What is 30%?
The 50/30/20 rule allocates 20% of your income to this category.
What is savings or debt repayment?
This is the amount of money you earn before taxes and deductions.
What is gross income?
This organization partners with HBCUs to promote Black homeownership and financial literacy.
What is HomeFree-USA?
This term describes reducing risk by spreading your investments across different assets
What is diversification?
This type of loan has a changing interest rate that can increase or decrease over time.
What is a variable (or adjustable-rate) loan?
This financial tool gives you a snapshot of where your money goes each month.
What is a budget?
This process involves discussing your job offer to improve salary, benefits, or bonuses.
What is negotiation?
This Fisk alum leads the CFA program
Who is Nicholas Whiteside?
This retirement account grows tax-free and withdrawals in retirement are tax-free.
What is a Roth IRA?
Name the three major credit bureaus.
What are Experian, Equifax, and TransUnion?
This term refers to the unexpected or hidden fees banks may charge, such as for overdrafts.
What are bank fees?
Your take-home pay after taxes and deductions is known as this.
What is net income?
This annual event brings CFA students nationwide together for financial empowerment, competitions, and networking.
What is the Money For Life Conference?
This type of fund pools money from many investors to buy a diversified portfolio and is managed professionally.
What is a mutual fund?
This is the amount of time negative information (like missed payments) can stay on your credit report.
What is 7 years?
Banks are required to insure your deposits up to $250,000 through this federal agency.
What is the FDIC?
The website known for salary comparisons by job title and city.
What is Glassdoor?
The very first CFA cohort was launched at a university known for its rich legacy and excellence.
What is Fisk University?
This term describes the profit you earn from owning a stock when the company shares its earnings with shareholders.
What is a dividend?