Budgets
Which of the following is considered a need? Movie tickets, groceries, video game subscription, brand name sneakers?
What is groceries
What is an action that will negatively impact a credit score?
Missing a payment
What is true about credit unions?
They are owned by their members
What is a good option for savings if you want long term growth?
Investing in the stock market
What is the purpose of a cover letter
to show personality and explain interest in a job
Which expense would most likely be classified as a want? rent, utilities, transportation to work or eating out at restaurants?
What is eating out at restaurants
What does credit utilization refer to?
What is the percentage of available credit being used
What is a potential risk of peer-to-peer payments?
Sending money to the wrong person
What goal is most appropriate for long-term savings? buying lunch, emergency fund, retirement or gas money?
What is retirement
Name one appropriate interview behavior
what is making eye contact
What is the main purpose for creating a budget?
What is to manage income and expenses
If I have a credit card with a balance of 1,200 that has an APR (annual percentage rate) of 18% and I make a monthly payment of 75 will I be charged interest on this balance?
what is yes
Are banks or credit unions for profit?
What are banks
Why is investing considered risky?
Stock's go up and down
What should you send after you interview?
A thank you email
If you loose your job what is a category in your budget that you'd cut first? (Rent, utilities, groceries, entertainment)
What is entertainment
What happens if you pay only the minimum monthly payment on your credit card balance?
What is you will end up paying more because of interest charges.
What is a benefit of using a credit union over a bank
better interest rates, free ATM usage
What are you buying when you buy a stock
What is part ownership in a company
Should you include you social security number on a job application
What is no
What is a habit that demonstrates strong financial responsibility?
What is tracking expenses
Name two things that could negatively impact a credit score?
Not paying your bills on time, having too many credit cards, not having a long credit history, owing too much money.
Name a peer-to-peer app?
What is a good saving option if you want access to the money soon.
What is a savings account
What is the difference between a cover letter and a resume
A cover letter is more specific to the job