Budgeting
In the popular 50/30/20 budgeting rule, which percentage of your take-home pay should be allocated toward your absolute "needs" like rent and groceries?
50%
What is the specific term for money that you borrow from a person or a bank that you are expected to pay back later?
Debt
What is a stash of money set aside only for unexpected surprises, like a broken laptop, a flat bicycle tire, or a sudden doctor visit called?
Emergency fund
What is the math superpower allows your saved money to grow faster and faster because you earn interest on your original money plus interest on the interest you already made?
Compound interest
You should avoid using which type of plastic card if you don't have the actual cash in your bank account to pay for the item right away?
Credit Card
Which category of the 50/30/20 rule includes things you want but can live without, such as dining out, streaming subscriptions, and hobbies?
The 30% category
When you borrow money, what is the extra fee or "rental charge" the bank or credit card company makes you pay on top of what you borrowed called?
Interest
Most financial experts say adults should save enough money in their emergency fund to cover how many months of basic living expenses?
3 to 6 months
What is the main rule of investing that means putting your money into many different things (like stocks, bonds, and savings) instead of risking it all on just one thing?
Diversification
You should never buy an item just because it has a big red "SALE" sign if the item wasn't already on which pre-made list of items you planned to buy?
Your budget/shopping list
To make an accurate budget, what is the very first step you must take, which means figuring out exactly how much total money you have coming in from chores, gifts, or jobs?
Tracking your income
What is the score or "grade" between 300 and 850 that shows banks how good you are at paying back money on time called?
Credit Score
Which smart habit means putting money into your savings account the second you get paid, before you go out and buy fun things?
"paying yourself first"
When you buy one of these, you are actually purchasing a tiny, microscopic piece of ownership in a real company, like Apple, Disney, or Nike.
A stock
You should avoid signing up for these "free trials" online unless you immediately set a reminder to do which action before they charge your card?
Canceling your subscription
What simple type of plan tells every single dollar of your money exactly where to go before you spend it, so you know exactly what is left over?
A budget
Doing which one action every single month is the absolute best way to keep a high credit score and prove you are trustworthy with money?
Paying your bills on time
What is the special type of bank account that gives you extra money (interest) just for letting your savings sit safely inside it?
Savings account
What is the basic idea of investing a set amount of money (like $20) every single month no matter if the stock market is doing well or poorly?
Dollar-cost averaging
To keep your money safe from scammers, you should never share which secret pieces of information, such as passwords, PIN codes, or social security numbers?
Personal/financial information
If you earn a $20 allowance and want to follow the 50/30/20 rule, you would multiply $20 by 0.20 to figure out that you should put exactly this much money into your savings?
4 Dollars
What is the dangerous situation people get into when they buy way too many things on credit cards and can no longer afford to pay the money back?
The debt trap
What is the special, separate piggy bank or savings goal you set up for one specific item you want to buy later, like saving up $10 every week until you can afford a new gaming headset?
Savings goal
What is the type of special account adults use to save money for when they grow old and stop working?
Retirement account
To improve your overall financial health, what is the type of debt (like high-interest credit card debt) you should focus on paying off completely as fast as possible?
Bad Debt or High-interest Debt