CREDIT
What is credit?
Credit can mean either borrowing money or getting something of value, like a car, with the commitment to repay later and often with interest charge.
What does the acronym FAFSA stand for?
Free Application for Federal Student Aid
What is a budget?
A budget is a spending plan based on income and expenses.
Finish these lyrics "Rudolph the red-nosed reindeer, had a very shiny nose, and if you ever saw it, ___________________."
you would even say it glows
What is the train that carries kids to the North Pole?
The Polar Express
What is a credit score?
Your credit score is a three-digit number from 300 to 850 that is calculated using information from your credit report, which depicts your creditworthiness.
What is the timeframe to payback student loans?
6 months after graduation
Who can file taxes? What age?
Anyone who works; 15+
Complete these lyrics "Here comes Santa Claus / Here comes Santa Claus / Right down _____."
Santa Claus Lane
What real-life department store is featured in "Miracle on 34th Street"
Macy's
What is the typical age that you start building credit?
The minimum age to get a credit card and establish a credit score is 18; you can establish credit sooner, using apps like SELF.
What is the difference between a loan and a grant?
A grant, unlike a loan, does not have to be repaid.
What does it mean to get paid "bi-weekly"?
Pay checks are distributed every 2 weeks.
In the song, “Twelve days of Christmas,” what kind of tree is the partridge sitting on?
Pear Tree
How many Home Alone movies are there in total?
6
Why do you need to have good credit?
To buy a car, apply for an apartment, get a loan, sometimes even a bank account or job.
What is the average financial aid award per student?
$15,000
What does IRS stand for and what does it do?
The Internal Revenue Service is the nation's tax collection agency.
How many reindeer pull Santa’s sleigh (including Rudolph)?
9
What is the name of the Grinch's pet dog?
Max
In terms of credit, what is interest/an interest rate?
Money charged for the privilege of borrowing money
Who completes a majority of the FAFSA form? Why?
Your parent/guardian because it's based on their tax information, dependents, etc.
How often does the federal minimum wage increase?
The minimum wage does not increase automatically. Congress must pass a bill which the President signs into law in order for the minimum wage to go up.
What singer's hit "All I Want for Christmas is You" continues to top the charts 30 years after its release?
Mariah Carey
"The best way to spread Christmas cheer is ________"
"singing loud for all to hear"