Getting Personal (Finance)
Do you have your banking app on your phone?
Yes/no
Points either way! You’re welcome to share why you do or don’t!
The deadline to file the prior years taxes?
What is April 15th?
Why would your car insurance change?
What could be getting a ticket or getting into an accident?
When a card is stolen or misplaced what is an action that should be taken immediately?
What is locking the card and contacting your bank?
Do have a clear understanding of your monthly expenditures?
Yes or no!
(If no - name one thing that is a common monthly expense for most Americans!)
The amount you spend on transportation per month? (This may include costs of your child’s transportation as well.)
Your answer!
What is a pin and a debit card?
Most common types of insurance?
What is health, car, renters,…?
(Full points to 2 out of 3 and half for at least one or naming a different type!)
The max amount of credit you can borrow at any given time.
What is your credit limit?
In the case your card has been used in an unauthorized way, which type can more easily be reimbursed when going through your bank?
What is a credit card?
An estimate of income and expenditures for a set amount of time.
What is a budget?
Expenses that vary from month to month (ex. Groceries, transportation, etc.)
What are Variable Expenses?
A premium is…
What is the monthly cost of maintaining an insurance policy?
What type of card should be paid in full at the end of each billing cycle?
What is a credit card?
What is net income vs gross income?
What are your earnings before (gross) and after (net)?
What type of purchases do you NEVER regret?
Ex. A specific food you love, an event or activity with your kids, getting your hair or nails done, etc.,
30% in reference to a credit card limit is?
What is the recommended amount to stay under of your credit limit?
The amount you must out of pocket before insurance will begin paying?
What is a deductible?
What is lowering (hurt) your credit score.
How much does the average American have in savings?
What is anywhere from $500 to $5,000?
(Any number between gets the points!)
Is there a financial habit you’d like to implement? What is it?
What is (your answer)!
The 50/30/20 rule?
What is 50% needs, 30% wants, 20% savings/debts
*this is very often not feasible!*
Providers/services that are covered through insurance?
What is in-network?
What is a debit card?
It is recommended to have saved xx-xx (months) of living expenses.
What is 3-6 months?