I should have saved but V-Bucks are Expensive
Interest earned on the initial principal and accumulated interest.
What is Compound Interest.
This numerical representation of your creditworthiness affects your ability to get loans and favorable interest rates.
What is a credit score?
Zavier has to take into consideration his ridiculous spending on Ramen Noodles and the excessive amount natural spring water he collects. He sits down and creates a plan for managing his income and expenses, that is called a?
What is a budget?
Logan is a "creative" entrepreneur. His last endeavor involved bath bombs but ended in countless lawsuits. He is now needing funding for his "Minor" labor camps but the bank wont fund it with out collateral. What type of loan is this considered?
What is a Secured Loan?
Making Tariffs Great Again
Who is our Lord and Savior Donald J Trump?
These types of accounts are best for short-term savings goals.
What are high-yield savings accounts, money market accounts, and short-term CDs?
This card allows you to borrow money from the card issuer, which you must repay later, often with interest.
What is a Credit Card?
Examples of these include saving for retirement, buying a home, and paying off debt; to set them, use the SMART acronym.
What are financial goals?
Noah decided to not put the fries in the bag, and started his own Cleaning Business. He took out a loan at 37% APR to fund is business. Loans rates have dropped substantially, This would be a smart choice for Noah.
What is Refinance?
Julia picked up a side gig to support her extravagant lifestyle in Rhode Island. On the way to Good Will to pick up a new pair of used sweats, she absolutely destroyed a lady in wheel chair. Now her G-Wagon is all dented up and she has manslaughter charge heading her way. Julia better hope she has?
A good lawyer, an emergency fund, insurance, a conscious, decent morals, the ability to feel remorse, an aced field sobriety test, no drugs found in her system. all of these are acceptable answers.
These are some ways to increase the rate at which you save money.
What are reduce expenses, increase income, automate savings, and set specific savings goals?
This is how interest is typically calculated on a credit card balance.
What is APR?
This investment strategy reduces risk by spreading investments across different asset classes.
What is diversification?
Kane decides to pursue his calling as a professional fake wrestler and reprise the role of Kane from the 2000's era of WWE. Kane now lives in his parents crawlspace and is paying $650 a month for a place he cant even stand in. Rent is considered what type of Expense?
What is Fixed?
Carlana decided that her dream of being a professional synchronized diver was just that, a dream. So she bought 17 Mini Highland Cows and moved back to the Trailer Park. Her cows are considered?
What are Assets?
The terms for setting aside money for short-term goals and buying assets for long-term growth.
What are Saving and Investing?
Oscar far surpassed his data limit on his cellphone and ended up having to put the $1300 fees on his credit card with a max balance of $1500. The typical percentage you want to utilize on your credit card is?
What is 30%?
Kendall Spends all her money on Robots and Softball lessons. Her return on that investment is null. She spent way too much and now she cant afford to fuel the rocket powered scooter she rides around town on. She should talk to one of these to help her with her money issues.
What is a financial advisor.
JR decides he is going to be 1 of the 100 men to take on a Gorilla. Let's be real, The Gorilla wins. Every Time. Jacks family is now hoping that he has..?
What is Life Insurance.
Dani decided that drawing silhouettes of homeless people racing shopping karts is her passion. So she enrolled at the University of Phoenix Online to get a Bachelor of Arts degree for no apparent reason. She was quoted at 85k a year to attend by a 3rd party recruiter. Dani is going to need this type of loan.
What is a student loan?
Brock decided to go to a Pirates game, while he was there he had 1 too many root beers and probably 4 too many hotdogs. He decided it was a good idea to celebrate his day by jumping over the safety rail and falling 20+ feet head first. How much should he have in an Emergency Fund?
What is 3-6 months worth of living expenses.
Peyton puts all of her vape purchases on her Credit Card, after two weeks, she has it maxed out. What is the outcome?
What is she dies? Vaping is bad and the stress of having a maxxed out credit card gave her chronic heart failure.
J.A. takes full advantage of the college lifestyle. Unfortunately that leads to stupidity and random acts of dumbness. He needs to make sure he has this just incase karma finds him.
What is insurance?
Ethan bet the house on a 12 leg parlay, He had to hit all legs and he thought it was a good idea to have Joe Flacco with over 111.5 rushing yards. What is Ethan?
What is Dumb and Homeless.
Alyssa decided to take all of the money she spends on food in a month and by car. To her disbelief, she was able to save $16,823 dollars in one month by cutting out Taco Bell and Cheez-its. What type of asset is a vehicle considered?