Money & Spending
Banking
Behavioral Economics
Investing & Budgeting
Credit
Taxes & Misc.
More Misc.
100
The things you must have to survive vs the things you don't necessarily have to have.
What is NEEDS vs WANTS?
100
This type of card that is used to access your checking account immediatey when it is used.
What is a debit card?
100
The tendency to search for, interpret, favor, and recall information in a way that supports one's prior beliefs or values.
A. Loss Aversion
B. Confirmation Bias
C. Endowment Effect
What is Confirmation Bias?
100
Private retirement plan in which the employee deducts money fromtheir paycheck. Many times the employer will match the amount
Whats is a 401K?
100
Paying your bills on time
What is a way to raise your credit score
100
Federal tax filing day.
What is April 15th?
100
When you get your first job you should start doing this
A. Invest in a 10 year CD
B. Start saving for retirement
C. Spend as much as you can
What is... "B" a good time to save for retirement?
200
Making a minimum of $12,500 on a yearly basis will lead to this federally required task.
What is paying income tax?
200
ATM fees, overdraft fees and annual fees would be most likely associated with this type of account
What is checking account?
200
The pain of losing is psychologically twice as powerful as the pleasure of gaining.
A. Loss Aversion
B. Confirmation Bias
C. Endowment Effect
What is Loss Aversion?
200
This can help you; understand where your money goes, take control of your expenses, & prepare for the future.
What is a budget?
200
Not having enough money to pay your budgeted bills.
What is a budget DEFICIT?
200
This form is to be completed each time when you get a new job.
What is the W4 form?
200
Fill in the blank; A child you support financially is a ___________.
What is a "dependent"?
300
Using your debit card at a store will do this to your checking account
What is deduct money immediately from the checking account?
300
Interest rate could be associated most likely with this type of account.
What is a saving account?
300
Sunk Costs refers to...
A. Money that can not be recovered beccause the money has already been spent
B. An irrational way of thinking
C. An expense that will not be incurred if an activity is not performed
What is...A. Money that can not be recovered beccause the money has already been spent?
300
The initial amount of a loan
What is "the principal"?
300
NOT shredding important documents, NOT having strong passwords, NOT regularly checking your checking and savings account could result in this.
What is IDENTITY THEFT?
300
Minimum 3-6 month's salary is needed due to
*Loss of a job
*Unexpected variable expenses
*Natural Disaster
*Injury/Illness
What is emergency fund?
300
Weekly / monthly clothing purchases, groceries, electric bill, & coffee at Starbucks would all be a certain expense.
What are variable or flexible expenses?
400
The amount of your paycheck before deductions.
What is Gross Pay?
400
Huge amounts of debt that can not be repaid to creditors will result in this staying on your record for 7 years.
What is a bankruptcy?
400
*Bringing a budget into balance
*Analyzing what you are spending money on
*Looking at what should be spent
*Revaluating from time to time
What is things you ask yourself in order to set GOALS for spending, saving and budgeting.
400
Spending certain percentage on obligations, certain percentage on wants and a certain percentage on savings and repaying debt.
What is the 50-30-20 rule?
400
Making minimum payments rather than the full balance on a credit card will result in this.
What is incurring interest?
400
Payroll deductions such as taxes, social security, & medicare would result in this type of pay.
What is "take home pay" or "net pay"?
400
Reinvesting the earned interest back to the principal to let it continue to grow.
What is compound interest?
500
An advantage of these types of cards is that they can be used anywhere and its a good option for those that are "unbanked" but a disadvantage is that there may be a lot of fees .
What are prepaid cards?
500
Your employer sends your paycheck earnings to your bank is an example of this.
What is Direct Deposit?
500
People use this to show others only the "best" parts of their lives.
What is social media?
500
Putting money into savings before you do anything else with it
What is Pay Yourself First?
500
Fill in the blank: Teens and young adults can build their credit by becoming a __________ on a parent or guardian credit card account.
What is an "authorized user"?
500
After completing the 1040 by April 15th you realize you never filled your W4 correctly when you started working at your job and not enough money was deducted from each paycheck. So now...
What is paying the IRS money you owe?
500
Social Security & Medicare
Whatg is FICA or mandatory government spending?
600
Using Zelle to pay a friend for your share of the dinner is an example.
What is a P2P or Person to Person payment method?
600
The amount of money you have in the bank
What is your balance?
600
Following the Crowd is also known as this.
What is Herd Mentality?
600
Type of expenses that are difficult to adjust each month such as car payment or rent/ mortgage.
What are fixed expenses?
600
Having the ability to purchase now and pay later.
What is the advantage of using a credit card?
600
How much you are charged for a loan is called this.
What is interest rate or APR?
600
Paying all your smallest debt first then move to the next and so on is called this.
What is Snowball Method?
700
Eliminating overdraft fees, transferring money electronically between accounts, ongoing record of withdrawls and deposits.
What is benefits of online banking?
700
This type of savings offers the highest interest rate you can earn but usually comes with a fixed amount of time your money is tied up.
What is a certificate of deposit?
700
This image reflects a type of psychological thinking. 
What is Endowment Effect?
700
This type of investment has a fixed rate for a determined amount of time (6 months, 1 year, 5 years etc), is offered by a bank, can not be touched during the time of the investment for fear of penalties.
What is a certificate of deposit?
700
This type of mortgae does not change over the usually 30 year term
What is a fixed rate mortgage?
700
To prove identity and employment verification you would use this form.
What is the I9 form?
700
Equifax, TransUnion & Experian
What are credit reporting agencies that track your credit info?