Saving
The best way to generate more money with $50 you received for your birthday
What is save it?
This is a number that represents your creditworthiness
What is Credit score
This is a stock
What is a share of ownership in a company
The common reason for taking out a loan
To borrow money that you will pay back with interest
A tax on earned money
What is an income tax?
The most common discretionary spending
What is utilities?
This is the credit score range typically considered very very good.
What is 700-850
This is one of the most common high-risk investment
What is Cryptocurrency?
This is usually the most common type of loan?
Business
The main purpose of Social Security taxes
What is to fund retirement, disability, and other social welfare programs.
The meaning of 50/30/20 budgeting rule based on discretionary and disposable spending
What is 50 needs, 30 wants, 20 savings
This is the length of negative impacts, like late payments, that can stay on your credit report for
What is 7 years?
What is a loan to a company or government
What is a Bond
The difference between a secured and unsecured loan
What is Collateral to seize?
A tax form that reports an employee’s wages and taxes withheld
After covering needs, wants, and savings, this is what should be prioritized with $300 left in your monthly budget
What is Debt?
This is how the length of your credit history affects your credit score
What is Improve it?
The code used to identify a stock
What is ticker?
The yearly cost of borrowing, including interest and fees
What is APR
The usual date of Tax Day
What is April 15?
The amount you should save each month to reach $1,200 in six months.
What is 200
This is usually the minimum amount of years a recent bankruptcy filing will stay on your credit report
What is 7
A portion of the company’s earnings paid to shareholders
This what is usually considered a great debt-to-income ratio
The amount paid in federal taxes on a taxable income of $40,000 in the 12% tax bracket
What is $4,800?