CREDIT
you should always review your credit history report and statements so you can watch out for this if someone is pretending to be you
what is FRAUD
"the total amount you’ve earned minus taxes and other deductions.”
what is NET PAY
this form of payment is directly connected to your bank account and WILL NOT help you build credit history
what is DEBIT CARD
the amount you must pay out-of-pocket for eligible expenses before your insurance starts covering the costs
what is DEDUCTIBLE
this former NBA Player went famously broke after spending all of his career earning on lavish expenses and acquaintances
who is ALLEN IVERSON
you use this form of payment in order to accumulate credit history toward a credit score so banks can see you are trustworthy with borrowing money for loans
what is CREDIT CARD
this is the exact date that you should file your taxes by (or you better get an extension)
what is APRIL 15th
this is how often you will receive a bank statement so you know to check for fraud and mistakes (HINT: WEEKLY, MONTHLY, or ANNUALLY)
what is MONTHLY
the recurring amount you pay to keep your insurance policy active (often monthly)
what is PREMIUM
The founder of the collapsed cryptocurrency exchange FTX, who orchestrated one of the largest financial frauds in history, leading to a 25-year federal prison sentence
who is SAM BANKMAN-FRIED
this could have a NEGATIVE impact on your credit score if done in a short period of time
what is APPLYING FOR MULTIPLE CREDIT CARDS
you should filing your taxes using one of the following methods (there are 3 options give me 1)
what is PAPER, ONLINE, or TAX PROFESSIONAL
a charge applied by a bank when you spend more money than you have in your checking account
what is OVERDRAFT FEES
this type of car insurance you are required to carry in almost every state (______ car insurance)
HINT: pays for injuries and property damage you cause to others, protecting your savings if you are at fault
what is LIABILITY CAR INSURANCE
your financial literacy teacher in this classroom, talking to you right now, reading this question, was the Scarlet Knight mascot for this alma mater (his college)
what is RUTGERS UNIVERSITY (New Brunswick)
these agencies track all of your credit information
what are Credit reporting agencies (Equifax, Experian and TransUnion)
You are starting your first job and you are asked to complete some paperwork on your first day. Which form will determine how much money is withheld from your paycheck for federal and state income taxes? (HINT: W-4, W-2, I-9)
what is W-4 FORM
this rule is simply put when you budget 50% of your monthly income toward NEEDS, 30% of your monthly income toward WANTS, and 20% of your monthly income toward SAVINGS.
what is 50-30-20 Rule
Your renter's insurance policy costs $20/month and has a $1,000 deductible. A thief breaks into your apartment and steals your $800 TV set. How much would your insurance company pay?
HINT: $0, $200, or $800
what is $0
Because the $800 value of your stolen TV set does not meet or exceed your $1,000 policy deductible, the total loss falls entirely on you. Deductibles represent the out-of-pocket amount you must pay before insurance begins to cover the remaining damages.
this woman built her multi-billion dollar media empire by combining raw empathy, relentless authenticity, and shrewd business ownership. She transformed daytime television through an intimate, confessional talk-show format, expanded her brand into publishing, film, and television networks, and took full ownership of her intellectual property
who is OPRAH WINFREY
this type of card has a spending limit, so you have to be very mindful of how much you buy with them
what is SECURED CREDIT CARD
you receive this form when you have filed all of your other tax forms and this form will report your total income, claim deductions and credits, and calculate your final tax bill or refund
what is 1040 TAX FORM
describes the amount of money you'll have if you put $1000 into a savings account earning 1% annual compound interest for 10 years? You can ignore the impact of inflation in this question.
what is Slightly more than $1100
The monthly premium for Kevin’s renters insurance is $15, and his deductible is $500. During the month of April, someone breaks into his apartment and steals or destroys $2200 worth of his possessions. How much will Kevin pay and how much will the insurance pay to replace his items?
what is Kevin pays $500 // insurance company pays $1700
Explain good etiquette (good manners) when going into a job interview and one thing you should do after the interview is over
what is BE RESPECTFUL, DON"T RUSH, SEND A FOLLOW-UP EMAIL