1
Name 2 ways credit cards and debit cards different
Debit cards cannot affect your credit score, credit cards are a form of borrowing money and paying later, debit cards use your money, etc.
Name 3 types of insurance people can have
Car, home, boat, motorcycle, health, life, dental, etc.
What were my school colors in high school?
a. Green and white
b. Crimson and gold
c. Purple and yellow
d. Orange and black
d. orange and black
What type of bank account allows you to write checks?
Checking
Why would you NOT want to use payday lending if possible?
Super high interest rates
Name 2 disadvantages of using a credit card
High interest rate, missed payments hurt your credit score, have to remember to pay the balance, etc.
Who is the policyholder regarding insurance?
You / person who buys the insurance
What subject did I teach my first year of teaching?
a. Math
b. Science
c. English
d. French
c. english
Which has the higher interest rate, a traditional savings account or a money market account?
What is a loan shark?
Someone who lends money to people who desperately need it & take advantage of them.
Give 2 pieces of advice on how to use a credit card responsibly
Pay the balance before the due date, pay on time, don't max it out, etc.
What is the insurance deductible?
The amount you pay before insurance begins to pay.
Which color starburst is the best? (according to me)
a. Pink
b. Orange
c. Yellow
d. Red
c. yellow
How are credit unions and banks different in terms of who owns them?
Credit Unions are 'owned' by its members, banks are owned by an individual / investors.
Using the debt Snowball, which debt would I pay off first?
The debt with the lowest balance
How can you avoid paying interest on your credit card?
Pay the entire balance before the due date.
What is an insurance premium?
The amount you pay per month for an insurance policy
What is my girlfriend's name?
a. Kelsey
b. Nia
c. Jessica
d. Arianna
b. Nia
Credit Unions are insured by the NCUSIF. Who are banks insured by?
FDIC
Using the debt Avalanche, which debt would I want to pay off first?
The debt with the highest interest rate
What is a credit score and how can a credit card help built it?
A score that represents your trustworthiness when borrowing money. A Credit Card can help build it because when you use a credit card you're borrowing money and paying it back on time.
If Timmy's insurance premium is too high and he wants a policy with a lower premium, what would happen to his deductible?
His deductible would increase.
How did I break my left elbow in 9th grade?
a. Wrestling match accident
b. Fell down a flight of stairs
c. 4-wheeler accident
d. Pole-vaulting over a river with a tree limb
a. wrestling match accident
Credit Unions typically have fewer members compared to National Banks. Therefore, credit unions typically have higher __________________ but lower _______.
1. Interest rates
2. fees
Even though the debt Avalanche saves more money in the long run, create an argument for why the debt Snowball is a better choice.
The debt Snowball is an easier strategy to stick to because it allows you to pay off debts faster in the beginning, making it more likely to stick to and complete.