Budgeting
No more than 34% of your NET INCOME should be used for this
What is Rent or Mortgage?
When you get a credit card you should get a card with the lowest ______________
What is interest rate?
This is where the money for your debit card purchases comes from.
What is your bank account?
What is financial literacy?
This is the percentage of your income that experts recommend that you save.
What is 10%?
When you subtract your taxes from your monthly gross income you are left with this
What is your Net Income?
The best way to keep an excellent credit score it to
What is pay your bills on time?
With debit cards it is impossible to go into the level of debt you can with credit cards, but if you do overspend on a debit card, you will have to pay this.
What is an overdraft fee?
This is what APR stands for.
What is annual percentage rate?
When renting an apartment, you will have to prove that you will be able to pay for rent by providing proof of _______.
What is proof of income?
Who should you always pay first
Who is yourself?
Financial advisors advise that you have ____ credit cards
What is 1?
One of the main benefits of a debit card is that its misuse cannot harm your _______.
What is your credit score?
The term for a general increase in prices and the fall in purchasing value of money over time.
What is inflation?
A form that shows students what financial aid is available to them, this is what the letters in FAFSA stand for.
What is the Free Applications for Federal Student Aid?
In addition to a saving account you should have a _________ fund
What is an Emergency Fund?
To not pay interest on your credit card you must pay the _________every month.
What is your balance?
This is the amount of interest that you pay on debit card purchases.
What is nothing?
When a person does not have the assets to pay off their debt, they may choose to file for _______.
What is bankruptcy?
If you buy a brand new car, it loses at least 10% of its value the moment you do this.
What is drive it off the lot?
An effective way of budgeting is the ____ _____ _____ rule
What is the 50 30 20 rule?
For the best interest rate on a house or car your credit score should be above
What is 720?
Unlike credit cards, debit cards have less protection against _______.
What is fraud?
This is what you call money paid regularly at a particular rate for the use of money borrowed.
What is interest?
When getting a loan for a car, the two most important things to think about are the loans interest rate, and also the loans ______.
What is the loans term? (The length of the loan.)