Budgeting
Give me one reason why people don't budget
What is they think they're too young
What is the 50% applied to? give two examples
What is essential needs: rent and utilities
What is credit report also known as?
What is your "Financial Resume"
Hard ___________
What are hard inquires?
What percent of Americans live paycheck to paycheck?
What is 60%
Whats the name of the online interface that provides link to budgeting apps?
What is Nerdwallet
What is the 30% applied to? give two examples
What are wants: food & shopping
What is a good credit utilization rate to have?
What is 25-30%
Name me three credit killers
What is bankruptcy, foreclosure, and loan defaults
What percentage of Americans have no savings at all?
What is 45%
What is you can't fix mistakes without knowing what they are and you can never learn too much
What is the 20% applied to? give 2 examples
What is your future and long-term goals: investing, college
Identity ________
What is identity theft
What is 58%?
What are the three major sections you should divide your budget into?
What are wants, essential needs, and goals
What is an emergency fund?
What is a safety net of funds that should be used for emergencies only. Good rule of thumb: 3-6months worth of living expenses
Give me an example of revolving debt
What are credit cards
Payment_______
What is payment history
Generational Wealth Disparity:
_____________ control over half of U.S. wealth, while __________ and ________ struggle to accumulate assets.
What is Baby Boomers control over half of U.S. wealth, while millennials and Gen Z struggle to accumulate assets.
What's the name of the worksheet I handed out
If you are working towards a specific financial goal, what portion of the 30/50/20 rule should you cut?
What is the wants section
Can you name three types of credit
What is installment, revolving, and open credit
As of 2023, the average American household carries over __________ in credit card debt.
What is $10,000
What does the S&P500?
What is a stock market index that tracks the 500 largest companies based on market cap
(Standard & Poor 500)