Show:
BUDGETING
SAVINGS
CREDIT SCORES
TAXES
INSURANCE
100

What are the 5 major things to consider in your budget?

Housing, Transportation, Food, Clothing

100

What is the 10 savings rule?

You must save 10% of your income in order to live comfortably during retirement

100

How can I improve my credit score?

The best way to improve your credit score is to pay your bills on time each month and keep your debt balances low

100

What is the most common mistake made on taxes?

  1. Filing past the deadline.
  2. Forgetting to file quarterly estimated taxes. 
  3. Leaving out (or messing up) essential information. 
  4. Failing to double-check your math. 
  5. Missing out on a potential tax break.
100

What are 10 things you absolutely need to know about life insurance?

What are 10 things you absolutely need to know about life insurance?

200

What are 3 main activities of budgeting? 

Planning, Tracking, and Reviewing

200

What is the 70/20/10 rule money?

70% for Living Expenses, 20% for Savings & Debt Repayment, 10% for Personal Spending

200

What Affects my credit score 

Payment history: How you manage credit payments is the biggest factor in your credit score

200

When did the IRS begin?

During the Civil War 

200

What are the 3 most important insurance?

Home or property insurance, life insurance, disability insurance, health insurance, and automobile insurance

300

What are the three P's in budgeting? 

Paycheck, Prioritize, Plan

300

How much money should I have left after bills?

20% of your take-home pay

300

Why Are credit scores so important?

A credit score is a numerical representation of an individual's creditworthiness

300

What three things will the IRS never do?

  • The IRS Will Never Cold Call You About Debt. Their policy is to always mail you a bill first. 
  • The IRS Will Never Demand Immediate Payment. 
  • The IRS Will Never Threaten You.
300

What are common questions about life insurance?


  • Do I really need life insurance? 
  • How do I buy life insurance? 
  • What is the “free to look” period? 
  • Is it true that some companies won't turn applicants down? 
  • What's the difference between term and permanent life insurance?
  • What does “fully paid up” mean on a permanent life insurance policy?



400

What are the 3 R's when creating a budget?

Refuse, Reduce and Reuse

400

What is a savings account? 

A  savings account is a type of bank account that allows you to safely save money while earning interest. 

400

How is a credit score calculated? 

Credit scores use a formula that takes into account various factors.

400

What not to do when filing taxes?

  1. Not Claiming All of Your Credits and Deductions. 
  2. Not Being Aware of Tax Considerations for the Military. 
  3. Not Keeping Up with Your Paperwork. 
  4. Not Double Checking Your Forms for Errors. 
  5. Not Adhering to Filing Deadlines or Not Filing at All. 
  6. Not Fixing Past Mistakes. 
  7. Not Planning for Next Year.
400

What are the most important things to know about insurance?

  • Don't give your money away. 
  • Your assets aren't covered. 
  • You have more personal property than you think! 
  • Make sure you get a full year's worth of coverage. 
  • Cover it all.
500

What is the most difficult part of creating a budget?

Unpredictable Market Conditions

500

What is bank account interest?

Money that banks pay you for holding your deposits.

500

What is the difference in a Credit Report vs. Credit Score

Your credit report is the statement that has information about your past and current credit history

500

What is the #1 goal of taxes?

Raise revenue for necessary governmental functions, such as the provision of public goods.

500

What is the difference between a PPO and a HMO?

HMO and PPO plans are different types of health insurance, with HMOs typically offering lower premiums and copays but with less flexibility in choosing providers, while PPOs generally have higher premiums but allow more choice and flexibility in healthcare.