Budgeting
The primary purpose of a budget is to..
What is to plan how to allocate income to expenses, savings, and goals
A Checking Account is...
What is an account used for daily transactions that typically allows debit card access and checks
Diversification with Investing is..
What is spreading investments across different asset types to reduce risk.
The insurance that primarily protects you if you cause an accident while driving
What is Liability Insurance
The lowest long-term college cost for most students is...
What is scholarships and grants that do not require repayment.
A fixed expense with a household budget is...
What is monthly rent or mortgage payment
An action that will help you build strong credit is...
What is to paying bills on time and responsibly managing credit accounts
One of the main advantages of contributing to a retirement account like a 401(k) early in your career is...
What is saving early will mean that Compound interest has more time to grow your savings
The purpose of Renters Insurance is...
What is to protect personal belongings and cover liability if someone is injured in your rented home
A loan is...
Having an emergency budget fund helps you..
What is to help cover unexpected expenses without relying on high-interest debt
The federal tax that includes Social Security and Medicare is..
What is FICA.
A resume is used for..
What is to summarize your qualifications and experiences for employers
Comprehensive Insurance is what..
What is insurance that is an optional, "other-than-collision" coverage that pays to repair or replace your vehicle if it is damaged by incidents outside of your control
A scholarship and a grant is..
What is "free money" (doesnt have to be paid back) that is earned by academics/achievements and based on financial need in college.
List 2 budgeting strategies.
What is 50-30-20 and Zero Based Budgeting.
Before choosing a financial institution (bank) to place your money into, this should be considered..
What is whether the institution is insured by the FDIC
A career choice factor will most likely affect long-term earnings potential
What is level of education, experience, and demand for the job
Money you pay regularly (monthly or yearly) to have car insurance is called...
What is Premium
There are 6 types of military. Tell me 2 of them.
An effective and reasonable strategy for personal saving is..
What is to save a certain percentage of each paycheck and deposit it directly into a savings account
Having access to digital wallets and P2P payments have made the use of __________ less necessary.
What is cash.
A W-4 document is..
What is a form employees complete to tell their employer
A W-2 document is...
What is a form that shows how much an employee earned and taxes withheld.
The difference between trade school and traditional 4 year college is..
What is trade school is shorter and more specific to a trade such as welding, electrical, etc.