Building Blocks
Mythology
It's to your credit
Life After High School
Consumer Awareness
100
These steps lead the financial freedom.
What are the five foundations?
100
In order to get from point A to point B, you'll always have one of these.
What is a car loan?
100
A detailed summary of one's credit history.
What is a credit report?
100
Federal aid that does not require repayment.
What is a grant?
100
Buying an item with credit over time.
What is financing?
200
Getting out of debt is this financial step.
What is the second foundation of financial freedom?
200
The only thing you can't do with a debit card; different than a credit card.
What is go into debt.
200
A decrease or loss in value.
What is depreciation?
200
The total estimated unpaid student loan debt.
What is $1 trillion.
200
A purchase that causes pain--usually a minimum of $300
What is a significant purchase?
300
This first foundation will increase as you get older.
What is create a $500 emergency fund?
300
Acquiring a car with this method is what sophisticated people do.
What is leasing?
300
A measure of an individual's credit risk.
What is your credit score?
300
An undergraduate two-year degree.
What is an associates degree?
300
Given up financial gain due to a purchase.
What is opportunity cost?
400
This type of account grows exponentially over time--so get started NOW.
What is compound interest?
400
Building financial wealth requires you to build this.
What is building a credit score?
400
Time frame that a loan is in force.
What is the loan term?
400
Students complete this form annually to determine financial need.
What is the Free Application for Federal Student Aid
400
Regret over a particular purchase.
What is buyer's remorse?
500
These 3 reasons are why we save money.
What is create an emergency fund, buying large purchases, and building wealth?
500
A myth that states loans are the only option to pay for college.
What is the myth of good debt?
500
The cost of borrowing money on an annual basis.
What is the annual percentage rate or APR?
500
A financial aid program allowing students to work part time.
What is work study?
500
This Latin term means "buyer beware"
What is Caveat Emptor?
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