Saving
In finance, you'll often hear the phrase "ROI" as in a "Return On" This
What is investment?
Need a place to put your spending cash? It'd be wise to open up one of these
What is a checking account?
Less than one in three Americans can afford a financial emergency that costs this much
What is $500?
When a person cannot pay their loans, it's referred to as this
What is bankruptcy?
In 2023, this tour became the first to gross over a billion dollars
What is The Eras Tour?
Money that you put in a savings account is known as This
What is a deposit?
At RVCU, our most popular checking account is named after the best area code in America
What is the 815 Spend Account?
What is $33,000?
When you buy a house, you usually pay for it with this, a specific type of loan
What is a mortgage?
This number is a simple way to grade what your loan and bill payment is like
What is a credit score?
Along with your savings account, you should create an account with a nickname in reference to covering costs if things suddenly go wrong
What is a Rainy Day Fund?
Most employers nowadays aren't writing checks but instead opting to put the money straight into their checking account this way
What is direct deposit?
According to research from the University of Kansas, this can lead to "higher credit card balances, less available credit, and a reduction in net investments”
What is Sports Gambling?
According to the Education Data Initiative, the average American has $37,853 of debt from this type of loan
What are Student Loans?
Also known as the "Oracle of Omaha", this Nebraska man is known as one of America's greatest living investors and CEOs
Who is Warren Buffett?
One of the safest ways to save your money is buying one of these, which is also the same name as a retro music medium
What is a CD?
Speaking of checks, they're starting to go by the wayside as many opt to pay with cash or this
What is a debit card?
If your credit score is this number or higher, you are generally viewed as someone with a good credit score
When taking out a loan, sometimes your lender can require this to help keep you accountable until the loan is repaid
What is collateral?
Earlier this year, Forbes Magazine named this midsized midwest city the best housing market in America
What is Rockford?
Traditional or Roth? If you want to invest in the stock market, you'll need this
RVCU's 815 Spend Account offers a 3.00% APY, and APY is an acronym for these three words
What is Annual Percentage Yield?
Between student loans, credit card debt, mortgages, and more, the average American has this much debt
What is $104,000?
When you look for an auto loan, it's important to keep in mind this three-letter acronym which measures how much interest you'll pay
What is APR?
When groups of people such as workers pool their money together for savings and to make loans, they create this
What is a Credit Union?