Budgeting
According to the 50/30/20 budgeting method, the 30 category is used for this.
What are wants?
Distribution of profits by a corporation to its shareholders.
What is a dividend?
A 3-digit number between 300 and 850.
What is a FICO credit score?
The first step to crushing your consumer debt.
What is forgiving yourself?
A list of planned expenses and income.
What is a budget?
Which popular TV show featured house Targaryen and Stark?
What is Game of thrones?
Using the 50/30/20 budgeting technique, student loan minimum payments would fall under this category.
What are needs?
This refers to using non-numeric information to assess a situation, a company's value, and a product's quality.
What is qualitative analysis?
The two most important ways to improve your credit score.
What is paying your bills on time and not having too much outstanding debt?
This particular type of debt is for items that decrease in value but are needed for a larger purpose.
What is neutral debt?
We want to purchase a vehicle as close to this price as possible.
What is a dealer invoice price?
The state your professor is from.
What is Michigan?
An advantage of this budgeting strategy is that it allows you to avoid overdraft charges.
What is the envelope method?
There are __ sectors in the stock market.
What is 11?
The highest weighted factor that determines a credit score.
What is payment history?
This type of debt is when a creditor relies on the debtor's promise to pay back the loan.
What is unsecured debt?
The interest on savings calculated on both the initial principal and the accumulated interest from previous periods.
What is compound interest?
This infamous mobster was arrested and convicted for Tax Evasion during the prohibition.
Who is Al Capone?
This budgeting strategy does not give you categories to follow and could potentially make it hard to control costs.
What is Zero-Based Budgeting?
A type of mutual fund or exchange-traded fund that seeks to track the returns of a market index.
What is an Index fund?
FICO is the acronym for this.
What is Fair Isaac Corporation?
This debt repayment strategy requires self-motivation to keep the debt payer plugging away at the plan despite seeing little progress.
What is debt avalanche?
By age 67, you should have at least this amount of money set aside in savings and investments.
What is ten times your current annual salary?
This U.S. fast food chain is credited with introducing the first drive-through window to the masses.
What is In-N-Out Burger?
What is the last step in building a budget?
Categorize your expenses according to your budget technique. Analyze and potentially reallocate the expenses.
A fund that holds a collection of stocks and bonds and is bought and sold like common stock.
Your credit score is issued by these three credit rating agencies.
What is Equifax, TransUnion, and Experian?
The first two steps you would perform for the debt avalanche strategy.
What is:
1. Making a debt list.
2. Ranking debts with the highest interest rate to the lowest.
You can spend money on anything you want as long as:
1. The expenses match your financial philosophy
2. You have budgeted for it.
3. You have the funds available to pay for it.
This would be considered Apple's slogan/tagline.
What is "Think Different"?