Budgeting
What percent of 18-29 year olds are currently living with their parents? 75%, 48%, 47%
What is 47%?
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?
Your car insurance policy costs $30/month and has a $800 deductible. Someone backed into your car causing $500 of damage. Your insurance company pays
What is 0
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 when dealing with credit cards payments
What is pay your bills on time?
The deposit of funds electronically into a bank account rather than through a physical, paper check
What is an direct deposit
The money paid to an insurance company to purchase a policy.
What is premium
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?
Type of fee is given to a cardholder if they do not make the minimum monthly payment by the due date
Late payment fee
One of the main benefits of a debit card is that its misuse cannot harm your ___ a) family b) credit score c) interest rate
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?
Amount of dollars that make $100
100
In addition to a saving account you should have a _________ fund a) Fast fund, b) Emergency fund d)Investment fund
What is an Emergency Fund?
If you don't want to 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?
The out-of-pocket money paid by a policyholder before an insurance company will cover the remaining costs caused by a loss.
What is deductable
When I count my dimes I count by_____
10s
Percentage you need to put as a down-payment when buying the house
What is 20%
For the best interest rate on a house or car your credit score should be above A) 620 b)720 c) 820
What is 720?
Unlike credit cards, debit cards have less protection against _______.
What is fraud?
A contract between the insurance company and the insured that states the exact terms including what risks are covered is a(n)? .
Policy
Michelle walks dogs for $5 each. She has no expenses to begin her business. After walking how many dogs will she have a profit of $25?