banking
What are Types of bank accounts
What is savings account and checking account?
What is Budget
Budget is a spending plan based on income and expenses
(Answer could vary)
What is Annual percentage rate of interest
What is insurance?
Hwat is the contract for financial protection from risk of loss.
What is a risk in investing?
You can loose all your money
What is The ideal amount you should save
What is 20% of income?
What is the 50/20/30 Budget
What is 50% of net income to needs, 20% to savings, and 30% to wants.
What is a prepaid debit card?
What is a card that has money loaded onto it without bank account
What 3 insurances are there?
Auto, health, and renters
What is a stock?
Share of ownership in a company
Emergency fund covers __ of living expenses
What is 3-6 months?
Cognitive Bias
What is a systematic error in thinkig
What is a credit report?
A document with information about a a persons credit activity.
Does renters Insuarnce cover floods?
No
What is a coupon rate?
Interest rate.
What is the criteria for money
What is durable, portable, divisible, uniform, limited, accepted?
FOMO
What is the range of a good credit score?
800-850
What is the comprehensive auto insurance coverage?
What is damage outside your contro.
What are types of bonds
Corporate and government
I 4 Common banking fees
What is monthly maintenance/service fee, insufficient funds fee, excessive transaction fees, overdraft fee?
Optimisim bias
What is discounting negative effects of a decision and overestimating positive one.
What are the five factors that affect score
1. Payment score. 2 credit utilization 3Credit history length 4. Types of credit 5.new credit/inquiry.
Till what age can you be on your parents health insurance?
26
What is a 401k
Retirement savings acct through employer