Accounts
What account typically has no interest?
What student loan type has a larger borrowing limit?
Unsubsidized
What is a credit rating?
Numerical assessment of person's creditworthiness.
What are the main types of insurance?
Health, auto, pet, & disability
Why do we have taxes?
What account is less flexible in moving funds but earns some interest for you?
Savings
What student loan has better interest rates?
Subsidized
Why should you use credit cards?
Safer than carrying cash & good for proofs of purchase
What insurance is legally required?
Auto
What do tax brackets do?
Tax different ranges of income at different rates
What account should I get if I want to earn money through interest?
Money Market Accounts
Who covers interest in a subsidized loan?
Government, but only until 6 months after you graduate.
What is a good credit score?
740+
As a college student, what insurance should you prioritize?
Health
How do I reduce my taxable income?
Through deductions
What retirement accounts are tax-deductible?
What loan should I do in an emergency?
Payday Loans
What happens when you don't pay for what you spend on your credit card?
Every dollar you charge and don’t pay for in the next month costs you more than that dollar
Why do you need insurance?
Protection from major and/or unexpected financial loss
How do I reduce how much tax money I pay?
Through credits
What retirement account has employer benefits?
401(k) / 403(b) plans because employers match contributions
Who pays the interest on a unsubsidized loan?
You!
What are benefits of a higher credit score?
Lower interest rates because of your reliability with credit.
What insurance provides an income in the event you cannot work?
Disability Insurance
When should you file taxes?
Beginning of April!