Budgeting
What percentage of your budget should go towards your home?
30%
What is the monthly amount you pay for life insurance coverage called?
Premium
You should have at least ____savings accounts (how many, #)
2
True or False. Is it okay to max out your credit card every once in a while?
False
What does APR stand for?
Annual Percentage Rate
What should be your first priority when you get paid? Car, house, or savings?
Savings
Beneficiary
Which savings account has a better interest rate? Traditional or Online?
Online
What is a credit limit?
The amount you can spend on a credit card
Which life insurance policy is cheaper? Term or Perm
Term
What percentage of your income should go towards your car?
10%
What are the two types of life insurance called?
Term and Permanent/Whole
Which savings account is best for emergency funds? Traditional or Online?
Traditional
In order to have a "very good" credit score, you should spend no more than____ percent of your credit limit?
20%
Is better to start a life insurance policy when you are younger or older?
Younger
If your monthly income is $4000, how much money should you spend on a car per month?
$400
Jeezy's life insurance policy expires on 12/31/20,what type of life insurance does he have?
Term
What percentage of your budget should go towards your savings?
20%
Mrs.Esho credit limit is $5,000.To have a "good" credit score she shouldn't spend more than $_____? (Hint: it is not a percent)
$1500
If your monthly income is $1200, how much should you spend on your home per month?
$360
Permanent/ Whole
Ms. Holliday's monthly income is $10,000, how much of should she save monthly?
$2,000
What type of Life Insurance policy covers expenses in case you pass away? Term or Perm?
Both