Financial Literacy
When you use a ______ card the money is drawn directly from your account.
Debit
TRUE or FALSE: Credit cards are "free money!"
FALSE
an account maintained by a bank to make money more manageable and convenient for the owner
What is a detailed examination of someone's credit history?
Credit Check
What do caterpillars turn into?
Butterflies
What top five things should you consider when trying to save money? (List at least three we talked about)
Assess where there is room for improvement
Clearly outline your financial goals
Set a realistic budget according to your lifestyle
Limit most/if not all overspending
Be sure to put aside your savings before paying anything else
TRUE or FALSE: With credit cards you have to pay back the lender that you borrowed the money from?
TRUE!
What kind of animal is Squidward from Spongebob Squarepants?
Octopus
How many legs does a spider have?
8
What is the name of SpongeBob's best friend?
Patrick Star!
What is the best possible credit score?
800 to 850
How old do you have to be to have your own credit card?
18
The total amount of money you owe is called...
debt
The cost of borrowing money is called...
interest
The actual purchase price is called the ...
principle
What is the largest planet in our solar system?
Jupiter
What determines how much you can spend on a credit card?
Your credit limit
Loaned money that needs to be paid back...
credit
Purchase broken into smaller payments...
installments
Paying for something or a withdraw from a bank account is called a ...
transaction