Banking
How much is a deposit account FDIC insured for?
$250,000
What percent of professional football players go bankrupt?
80%
Define "Character"
Who you are as a person: Are you trustworthy? Are you responsible?
Income
How much money you make
Where did Jordan go to college?
University of Maryland, College Park
Go Terps!
What's the difference between a bank and a credit union?
A bank is for profit and a credit union is non profit.
Define "Need".
Something you must have to survive
What is the possible range of a FICO score
300 - 850
Budget
A written plan for managing your income and expenses to avoid debt.
What kind of pets does Olivia have?
Two dogs
Your total pay before taxes and other withholdings are taken out.
What is Gross Pay?
What is net income?
What does ACH stand for?
Automated Clearing House
What was Angela's old job?
Bridal Consultant
The charge you pay for using borrowed money and the income you earn on savings accounts and debt investments.
What is interest?
What is something that your employer would take out of your paycheck?
-Taxes
-Social Security
-Medicare
What is the most influential factor that effects your credit?
Payment History
Want
Something you'd like to have that you don't really need to survive
What is Ryan's favorite sport?
Why does a CD pay the highest interest of any bank account?
The bank has the use of the money for the term of the CD and there's a fee for early withdraw.
What does it mean to pay yourself first?
It means to put money in your savings account before you pay your bills
What are the 5 fundamentals of credit?
- Character
- Capital
- Capacity
- Collateral
- Conditions
Surplus
An amount left over after you have paid all your debts and expenses.
Where is Alexis from?
Deleware