Income and Careers
Money Management
Credit and Debt
Insurance and Investments
Becoming a Critical Consumer
100
A purposeful course of action or purpose in life that generally provides income.
What is a career?
100
A plan for managing money, dividing up income and expenses among spending and saving options based on personal goals during a given period.
What is a budget?
100
A plastic card that authorizes the delivery of goods and services in exchange for future payment with interest.
What is a credit card?
100
A written request submitted to your insurance carrier to cover a loss.
What is a claim?
100
The act of giving to charitable organizations or to those in need.
What is charitable giving?
200
The health, education, experience, training, skills, and values of people.
What is human capital?
200
Income that can fluctuate each month.
What is variable income?
200
The payment you must make every month to keep your credit card current.
What is minimum payment?
200
The dollar amount or percentage of a loss that is not insured.
What is a deductible?
200
An expense that a taxpayer can subtract from taxable income.
What is a tax deduction?
300
Money subtracted from your gross pay, including federal, state, and local taxes and social security.
What are deductions?
300
An investment tool that pools the money of many shareholders and invests it in diversified portfolios.
What are mutual funds?
300
A form of shopping that has costs and benefits because it is convenient and economical but can be expensive and addicting.
What is online shopping?
300
Insurance that protects you when others claim to be injured as a result of something you did.
What is liability insurance?
300
Your information is used for someone else's personal gain.
What is identity theft?
400
Full time workers receive extra financial rewards.
What are fringe benefits?
400
A fund restricted by law to investing in the short-term money market. Low risk and returns.
What are money market mutual funds?
400
A legal warning concerning the attachment of property to satisfy a debt.
What is garnishment?
400
Federal program that provides health insurance to people over the age of 65 or with certain conditions.
What is Medicare?
400
Buy a paper shredder and shred all paper with your personal information before throwing them in the trash.
What is a way to protect against ID theft?
500
The statement that indicates the amount of taxes deducted from your gross pay.
What is a W-4 statement?
500
If your money is in a bank, this will protect your money if the bank closes.
What is FDIC insurance?
500
The type of bankruptcy that reorganizes your debt.
What is Chapter 13?
500
The percentage of your homes replacement value it should be insured for.
What is 80%?
500
ID thieves pretend to be banks, the IRS, or some other organization and send you and email or letter asking for personal information.
What is phishing?
M
e
n
u