What is a fixed expense?
This three-digit number helps lenders decide if you're trustworthy with credit.
What is a credit score?
This type of savings account earns interest that compounds over time.
What is a high-yield savings account?
Feeling anxious about your finances an impact this aspect of your overall health.
What is mental health?
This U.S. president's face appears on the $5 bill.
Who is Abraham Lincoln?
The popular "50/30/20" rule suggests putting 20% of your income towards this.
What is savings?
This is the term for the cost of borrowing money, usually expressed as a percentage.
What is the interest rate?
The concept that money today is worth more than the same amount in the future is known as this.
This type of "mindset" focuses on abundance and opportunity rather than scarcity and fear.
What is growth (positive money) mindset?
This green-colored term refers to rising prices and a decrease in purchasing power.
What is inflation?
This type of fund acts as a financial safety net for unexpected expenses.
What is an emergency fund?
Making only the minimum payment on your credit card each month causes this to grow over time.
What is interest?
Spreading investments across different assets helps reduce risk and is called this.
What is diversification?
Writing down short and long-term money goals to help you stay motivated and on track is called this.
What is financial goal setting?
This billionaire investor from Omaha is known as the "Oracle of Omaha."
Who is Warren Buffett?
The best way to know where your money is going is to do this regularly.
What is track your spending?
This type of loan is used to pay for higher education and often does not require payment while in school.
What is a student loan?
This type of retirement account is funded with after-tax dollars and allows tax-free withdrawals later.
What is a Roth IRA?
When you spend money on things that truly matter to you, you're aligning your finances with these.
What are your values?
The first credit card was introduced in this decade.
What are the 1950's?
When your spending exceeds your income, you're said to be operating in this type of budget.
What is a deficit budget?
What is the debt snowball?
Investing early and letting your money grow through reinvested earnings demonstrates this mathematical "superpower."
What is compound interest?
This is the term for the sense of control, security, and confidence you feel in managing your finances.
What is financial wellness?
What is the term for the government's total outstanding debt, essentially what the country owes.
What is the national debt?