Saving
Debt
Insurance
Life After High School
Budgeting & Taxes
100
Save a $500 emergency fund
What is the first of five foundations?
100

About 80% of Americans live ______ to ________.

What is paycheck to paycheck?

100
An umbrella over your life
What is insurance?
100

Equity is the difference between what a house is worth and what you ______.

What is owe on it?

100
A blueprint for building wealth.
What is a budget?
200
A person or organization that uses a product or service.
What is a consumer?
200

A(n) _______ _____ is a number that indicated the likelihood of someone repaying a debt.

What is a credit score?

200
Covers medicals costs and property damage of the other driver if you get in a wreck and it is your fault.
What is liability?
200

When buying a home, you typically need _____% down payment to avoid PMI.

What is 20%?

200

Each year, taxpayers submit a(n) _____ _____ to the IRS with the goal of getting as close to zero as possible.

What is a tax return?

300

What is your biggest wealth building tool?

What is your income?

300
A long term rental agreement
What is a car lease?
300

Covers loss to your personal items but not the building itself.

What is renter's insurance?

300
Free application for federal student aid.
What is FAFSA?
300

The IRS may conduct a(n) _______ of a person's tax return to check the accuracy of the figures.

What is an audit?

400
The granting of a loan and the creation of debt.
What is credit?
400
A mortgage with an interest rate that changes based on market conditions
What is an ARM?
400
Life insurance can be used to build wealth within your family. True or False

What is TRUE?

400
Free money strictly toward tuition.
What is a scholarship?
400

_______ income is your total pay before taxes and withholdings are taken out.

What is Gross income?

500

________ _______ is the average rate of growth for an investment over a period of time.

What is compound growth?

500
When a home owner borrows against the equity in their home and obtains monthly, tax free payments from the lender.
What is a reverse mortgage?
500

Your _________ is the amount you have to pay before insurance pays.

What is a deductible?

500

The price of goods and services increases over time due to _______.

What is inflation?

500

The form that is used to calculate how much income tax is withheld from your pay.

What is a W-4?

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