Financial Responsibility
This means spending less than you earn.
What is living within your means?
Someone very rich was “born with a ____ spoon in their mouth.”
What is silver?
This major advantage of credit cards includes earning points or cashback.
What are rewards?
A financial agreement in which money is borrowed and must be repaid.
What is a loan?
Using a computer or phone to manage your bank account is called this.
What is online banking?
Creating this helps you monitor your spending and stay organized.
What is a budget?
Something very common is called “a _____ a dozen.”
What is dime?
These charges grow when you don’t pay your credit card balance on time.
What is interest?
This is the amount of money you borrow from a lender.
What is the principal?
One risk of online banking is someone stealing this personal information.
What is identity theft?
These savings help you handle unexpected expenses.
What are emergency savings?
This idiom means “to pay what you owe.”
What is pony up?
One major risk of using credit cards carelessly is building up this.
What is debt?
This is the fee charged for borrowing money.
What is interest?
Bitcoin is one example of this type of digital money.
What is cryptocurrency?
This financial action helps protect you from significant unexpected costs, such as accidents or illness.
What is insurance?
When two people “go Dutch,” this is how the payment is handled.
What is "each person pays for themselves"?
Unlike credit cards, which borrow money, this type of card directly reduces your bank balance when used.
What is a debit card?
This step, following approval, sends loan money to the borrower and begins the repayment timeline.
What is disbursement?
Unlike traditional bank accounts, cryptocurrency often lacks this type of government safeguard.
What is regulation or protection?
According to the presentation, financial responsibility is “not always fun,” but gives this type of benefit.
What are long-term benefits?
This idiom means to act in support of your claims, especially financially.
What is “put your money where your mouth is”?
These three components—credit limit, interest rate, and grace period—belong to this financial tool.
What are credit card components?
Missing too many payments can lead to this serious consequence that harms your financial record.
What is default?
Transactions using cryptocurrency can be attractive to criminals because they offer this kind of traceability—or lack of it.
What is anonymity or low traceability? (based on “risks of cryptocurrency”)