BUDGETING
Name the 4 components of Financial Health
What is Spending, Saving, Borrowing and Budgeting?
Name two of the three major credit reporting agencies.
What are Experian, TransUnion, and Equifax?
Financial experts recommend you build an emergency fund that covers this many months' worth of expenses.
What is 3-6?
The estimated average credit card debt per household is __________.
What is $8,674?
This percentage of American adults do not have an emergency "rainy day" fund
What is 27%?
__________ ____________ loans can be a strategic solution to overcome bad borrowing decisions.
What is Debt Consolidation?
This is the percentage of credit cardholders that are carrying credit card debt monthly.
What is 50%?
List two great ways to save on your grocery costs.
What is (1) make a grocery list and stick to it, (2) don't shop on an empty stomach, (3) use coupons?
This is the best way to improve your credit score.
What is make your payments on time?
In the Debt Snow Ball strategy, which debt balance should get paid off first?
What is the one with the lowest balance?
What is the process of spreading your investments across different asset classes, such as stocks, bonds, and real estate, to minimize exposure to market fluctuations?
What is Diversification?
What is the debt reduction strategy where you pay off debt in order of smallest balance to largest balance, gaining momentum as you knock out each balance?
What is Debt Snowball?
What should you do with the money you save from paying off your debts?
What is put it in savings?
According to Dave Ramsey, how much should you have in your starter Emergency Fund?
What is $1,000?