Saving & MT
Fees
Dbt & Crdt Card
Spending Goals
100
Name one advantage of saving
What is having money for emergencies?
100
A fee to receive your monthly statement
What is a statement fee?
100
You can build this by paying off your debt on time
What is a good credit score?
100
The name for someone that is saving money from every paycheck, which is better than being a “sometimes saver”
What is a regular saver?
200
2 Requirements for someone under the age of 18 to open an account
What is social security card, parent/guardian, photo identification and an initial deposit
200
The cost associated with opening the card
What is a registration fee?
200
You need this to get a debt or credit card when you're under 18
What is a co-owner? (Parent/Guardian)
200
Buying new school supplies when you already had many pens and pencils that you could have used
What is a bad spend?
300
20/30/50 Rule
What is 20% saving, 30% wants, 50% needs.
300
The cost associated with maintaining an account or card at a financial institution
What is a monthly fee?
300
Explain the difference between loading money on a debit card and loading money on a credit card
You don't load money onto a credit card. Debit cards are connected to a bank account.
300
Buying a new computer for college because your computer was very old and not working well at all
What is a good spend?
400
Three rules-of-thumb for successful money management
What is pay yourself first, spend less than you make, and the 20-30-50 rule?
400
If you spend more money than you have on your prepaid or debit card, you face this fee
What is an overdraft fee?
400
Having this makes it harder to take out a loan
What is a bad credit score?
400
Planning to buy a new shower curtain for your shower, then just using your sister’s old one instead.
What is a didn't spend?
500
The Three Pillars of MoneyThink
What is spending money mindfully, saving money, and using financial products safely?
500
The fees you incur when you add money to your prepaid card
What is a loading fee?
500
List 4 of the 5 factors that affect credit score
What is payment history, amounts owed, length of history, new debt, and types of debt
500
List 4 of the 5 SMART Goals
What is specific, measurable, attainable, relevant, and time-bound?
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