If one has a very low credit score, what is the interest rate likely to be high or low on a loan?
What is high
100
This is making your checking account and bank statement equal.
What is reconciling
100
This tax is an added tax that the government puts on airplane tickets, alcohol, tobacco, etc.
What is an excise tax
100
This is the first step in the decision making process.
What is define the decision
100
This type of loan requires collateral
What is a secured loan
200
Money is
What is active
200
These are taxes on cars, clothing, and movie tickets.
What is sales tax.
200
This is an objective that must be met.
What is a mandatory objective
200
This is when you make sure your bank statement is equal with your check register
What is reconcile
300
How can one develop a credit history?
What is by taking out a loan or using a credit card, and paying it back on time.
300
This is why you should do a written budget every month
What is to make your money go farther, so you know where your money goes before you spend it, etc.
300
This type of tax is taken out of your paycheck
What is income tax
300
This is the second step in the decision making process
What is set objectives
300
A written budget, it actually lived and agreed on, will remove many of the ____________ from your life, consequently removing a lot of ___________.
What is overdrafts, stress.
400
What are some signs of credit trouble?
What is garnishment of wages, banks will repossess the item, calls from bill collectors, receive late bills or payments.
400
This type of budget is when you spend all of your money before the month begins
What is a zero-based budget
400
When you get hired at a job, you must fill out a form called the
What is W-4
400
This is the last step in the decision making process
What is evaluate the success of the decision
400
How many credit reports can one get in a year?
What is three-one from each company
500
Three factors that affect your credit score are
What is payment history, outstanding debt, length of credit history, types of credit in use, or recent inquiries about your credit report
500
This is a system or type of budget that uses cash instead of debit cards
What is the envelope system
500
FICA tax pays for benefits that workers and families receive for either
What is Social Security or Medicare
500
During this step of the decision making process, you should set a time limit, encourage all ideas, get each person involved, and assign one student the job of recording all ideas.
What is brainstorming
500
One does not save more if they earn more, it is simply a ____________ attitude.