Ballin' on a Budget
What should you be doing with at least 20% of your income, according to budgeting experts?
Saving/Investing
The fee you incur from your bank when you spend more money than you have in your account
Overdraft Fee
What type of loan is a car loan considered (different from a credit card or personal line of credit)?
Collateral or secured loan
Who owns a credit union?
Members
What is the term for money you owe, like how Han Solo owes Jabba the Hutt?
Debt
Credit card budgeting should always include having enough money to make at least the __________ payment
Minimum
Expenses that fluctuate from month to month (ex: electric bill, gas, travel)
Variable Expenses
When you take out a car loan, the lender has a _____ against the car until it's paid off, which allows them to take possession of the car if you don't
Lien
Which institution type typically has higher deposit rates and lower fees?
Credit Unions
What is the name of the currency is used in the “Star Wars” franchise? (Hint: It’s the same name for a type of card
Credit
In the 50%/30%/20% rule for budgeting, what should you be allocating 50% to?
Needs
Currently it is $16.66, with a proposed increase to $17.50 in 2026
WA State Minimum Wage
The rates and terms of a car loan will ultimately dictate the total interest you'll repay, as well as the ________ amount
Payment
Banks are for-__________ institutions, and credit unions are not-for-__________ institutions
Profit
What is the term for an asset losing value? Like, when the Death Star blew up and lost all its value?
Depreciation
In budgeting terms, what would buying a new pair of shoes be considered (if you didn't actually need them)?
A 'Want'
The minimum dollar amount that the FDIC and NCUA insure deposits to
$250,000
When you owe more on a car than the value of the car itself, what's the common term used to describe that situation?
"Upside-Down"
Both banks and credit unions offer __________ accounts, which allow easy access to money via debit card or cash withdrawals
Checking
What do we call when something increases in value, like a Jedi’s lightsaber becoming more valuable over time?
Appreciation
Budgeting is basically just creating a ________ for your money
Plan/Goal
The tax form commonly given to you by your employer that details how much you were paid throughout the year
W-2
This document is held by the lender until you pay it off in full, then it is transferred to you as an indicator of complete ownership
Title
Credit Unions are controlled by their members (who are also their customers) - this type of organization is also called a _____?
Co-Op or Cooperative
What’s the term for what a company owns, like how the Empire has its fleet of Star Destroyers?
Asset