Financial Literacy 1
Financial Literacy 2
Financial Literacy 3
Financial Literacy 4
Financial Literacy 5
100

When it comes to credit cards, student loans or car loans, what is always a bad idea?

What is debt?

100

Car loans are a way of life, and you'll always have a car payment. Truth or Myth

Myth

100

You should stay away from student loans. True or False

True

100

When choosing a college, you should choose one that ____________. 

You can afford.

100

Financial aid that does not need to be repaid and based on financial need.

Grant

200

A thing that is borrowed, especially a sum of money that is expected to be paid back in interest.

A Loan
200

You need to have a credit card. Truth or Myth

Myth

200

Name at least one of the 3 major credit bureaus.

Experian, Equifax, Transunion

200

Student loans can do what to your options in your life?

Limit

200

A plastic card used to buy good or services using debt.

Credit Card

300

A card issued by the bank that allows the holder to transfer money electronically to another account when making a purchase.

Debit Card

300

If you pay with this, you will have to pay later plus interest.

Credit Card

300

Aran really wants the new PS5, which costs $500. Aran has $200.00 in his Bank of Walsh. However, he just received a credit card with a $1000 limit. Should Aran use his credit card to buy a PS5? Why or why not?

NO! He will end up paying interest on the outstanding balance owing on his credit card. 

300

What can be done with your money? (hint - there are 4 ways)

Spend, Save, Invest, Donate (Give)

300

A program that allows students to work part time while in college.

Work Study

400

Debt is marketed to us just like any other product. True or False

True


400

What is known as I love debt score?

Credit Score

400

Name 3 banking institutions in your neighborhood

Answers will vary. SRP, Regions, Bank of America, Wells Fargo, Security Federal, First Citizens, WoodForest

400

When you borrow money, you have to pay it back with__________.

Interest

400

Paying more than the minimum amount will  cause the interest to ___________.  

Decrease

500

What we should save up and pay for things with and said no to Debt.

Cash

500

A good credit report or high credit score means you have a lot of money. True or False

False

500

What should your credit card balance be by the end of the month?

It should be $0.00 by the end of the month.

500

A short term, personal loan to purchase a car is a ________.

Car loan

500

Your credit score determines your interest on a loan. True or False

True


M
e
n
u