Banking
What is making a DEPOSIT?
Adding money to your bank or financial institution account.
How long do negative marks stay on your credit report?
What is GROSS income?
Earning before deductions
What is delayed gratification?
The ability to resist the temptation of an immediate reward and instead wait for a greater reward in the future
This team won the 2025 Baseball World Series
The Los Angeles Dodgers
What is the difference between a debit card and a credit card?
A debit card is linked to your existing funds, while a credit card is like a loan you need to repay.
What action positively affects your credit score?
Making payments on time
What is NET income?
Take home pay, earning after deductions and taxes have been taken out.
What risk level is a STOCK?
High Risk
This celebrity has been the highest paid actress in 2024 and 2025
Nicole Kidman
What is a predatory lender?
Companies that offer loans with high interest rates and hidden fees
What is considered an exceptional credit score? *hint - range*
800-850
True or False: You should base your budget off your net income
TRUE
What is an investment?
An asset that you expect will increase in value over time.
ex. - Real Estate
- Stocks
- Bonds
- Commodities
This Taylor Swift's music tour was the highest grossing of 2024 (and of all times)
What are 2 key differences between a bank and a credit union?
- For profit vs non profit
- Stock holder owned vs member owned
- One has lower fees overall
- Credit Unions will pay a higher savings interest rate.
Name 2 of the 3 credit bureaus
- Experian
- Equifax
- TransUnion
Define fixed vs. variable expenses
Fixed Expenses - amount stays the same
Variable Expenses - differ/change month to month
Name two factors that impacts stock prices?
- Company Earnings
- Industry Trends
- Economic Conditions
- Investor Feelings
This calendar date is often referred to as "Star Wars Day"
May the 4th
What happens to your money if a bank or credit union gets robbed or goes out of business?
The FDIC or NCUA will cover each depositor up to $250,000.
Why is it important to have good credit score? *name 3 reasons*
-Useful in times of emergencies
-May affect your ability to obtain a job
-Can affect your ability to rent or a buy a home
-Can affect the cost of a car
What is a budget?
A written plan that helps you manage your money by tracking your income and expenses
When investing you can reduce your risk by:
DIVERSIFICATION - Spreading your investments across different asset classes.
This artist won an Oscar for "What Was I Made For?" from the Barbie soundtrack
Billie Eilish