Budgeting
You earn $1,000/ month. What is the best first step?
A. spend freely
b. make a budget
c. ignore expenses
d. only save
b. make a budget
Improves credit most.
a.late payments
b.max cards
c.paying on time
d.close accounts
c. paying on time
a. borrowed money
b. free money
c. gift
d. investment
a. borrowed money
a. less money growth
b. gives more time
c. no change
d. risk only
b. gives more time
overspending monthly, fix?
a. track expenses
b. borrow more
c. ignore
d. use credit
a. track expenses
Interest means...
a.free
b. tax
c.bonus
d. cost of borrowing
d. cost of borrowing
index funds are...
a. group of stocks
b.loans
c. account
d. not good
a. group of stocks
rent is $800. expense type?
a. variable
b. fixed
c. optional
d. pandom
b. fixed
missed payment.
a.decreases score + fees
b.increases score
c.nothing
d.bonus
a. decreases score + fees
Minimum of payment effect.
a. clears fast
b.removes debt
c.more interest paid
d. no effect
c. more interest paid
This skill helps you plan how to spend and save your money over time.
What is budgeting?
extra $200 left. Best move?
a. spend all
b. save/ invest
c. ignore
d.loan it
b.save/invest
Best Utilization.
a. 90%
b. 70%
c.Under 30%
d. 100%
c. Under 30%
good debt.
a.payday loan
b.student loan
c.shopping spree
b. student loan
This scam promises large profits with little risk and often relies on recruiting others to invest.
What is a Ponzi scheme?
a.credit card
b. loan
c. gift
d. emergency fund
d.emergency fund
b. hurts history
Best way to reduce debt.
a.ignore
b. skip
c. borrow more
d. pay more than the minimum
d.pay more than the minimum
Fraudsters may “skim” your card by installing devices on ATMs to steal this sensitive financial data.
What is your card information (or magnetic stripe data)?