Budget Basics
What’s the term for a plan that shows how you’ll spend your money each month?
What is a budget?
What’s the three-digit number that shows how likely you are to repay debt?
What is a credit score?
True or False: Buying a $5 coffee every weekday adds up to over $1,000 a year.
What is true?
Whose face is on the U.S. $100 bill?
Who is Benjamin Franklin?
Whose face is on the U.S. $100 bill?
Who is Benjamin Franklin?
This popular budgeting rule suggests spending 50% on needs, 30% on wants, and 20% on savings/debt.
What is the 50/30/20 rule?
Paying only the minimum on your credit card each month can lead to this growing cost.
What is interest?
You find a great sale on shoes you don’t need. This type of spending isn’t planned.
What is impulse spending?
This coin is worth more than a penny but less than a quarter.
What is a dime?
This coin is worth more than a penny but less than a quarter.
What is a dime?
When tracking your spending, this category includes things like groceries and gas.
What are variable expenses?
What’s the term for borrowing money against something valuable like a car or home?
What is a secured loan?
This type of account often earns interest and helps you prepare for the unexpected.
What is a savings account (or emergency fund)?
What U.S. holiday is known for the biggest online spending day?
What is Cyber Monday?
What U.S. holiday is known for the biggest online spending day?
What is Cyber Monday
If you earn $2,000/month and your rent is $800, what percent of your income goes to rent?
What is 40%?
This credit report mistake can lower your score if it’s not corrected.
What is an error or inaccuracy?
Which is usually cheaper: buying a used car or leasing a new one?
What is buying a used car?
Which company invented the first widely used credit card?
What is American Express (or Diners Club)?
Which company invented the first widely used credit card?
What is American Express (or Diners Club)?
You’re trying to cut back and start using this method: putting cash into labeled envelopes for each category.
What is the envelope method?
Name the three major credit bureaus.
What are Equifax, Experian, and TransUnion?
This invisible cost adds up when you use a service like Klarna or Afterpay and miss a payment.
What are late fees or interest
In Monopoly, how much money does each player start with?
What is $1,500?
In Monopoly, how much money does each player start with?
What is $1,500?