Facts from Last Presentation
What was our last presentation about?
What is budgeting?
This type of card pulls money directly from your checkings account, NOT borrowing money from anyone else
What is a debit card?
What does APR stand for?
What is Annual Percentage Rate?
What is a credit score?
What is a three-digit number determining how trustworthy you are when borrowing money?
The SOCU is...?
What is Waipahu Highschool's Student Operated Credit Union?
Give me the definition of budgeting?
What is a spending plan that outlines your income, expenses and other financial goals like savings?
Which type of card can charge you fees for late payment?
What is a credit card card?
If you don't pay your credit card bills in full each month, you can be charged with what?
What is Interest?
What is the range of a credit score?
What is 300-800?
When is the SOCU open?
What is every Friday?
Give me two reasons why budgeting is important
What is for essential needs, freedom, retirement, etc?
Which type of card can be bought at retail locations (ex.grocery stores)
What is Prepaid Cards?
Name me 2 Credit Card Networks
What is Visa, Mastercard, Discover, or American Express?
What is one thing that can influence your credit score?
What is payment history, credit capacity, credit history, or types of credit you use?
Which Credit Union is the SOCU working with?
What is Hawaii USA?
Give me one budgeting method
What is the 50-20-30 Rule, the Envelope method, and the Pay Yourself First method?
Which type of cards offer rewards? (Extra points if you can name me 2 different/common rewards)
What is credit cards?
When should you use a credit card? Give one example.
What is Large purchases, Recurring bills, When you need to build credit, or for additional rewards/cashback.
If you have a bad credit score, you can get rejected for what?
What is loans?
Give me two things you would need to open up an account in the SOCU?
What is $5, Social Security Number, or Govement issued ID
Which type of card charges you a fee for checking your card balance?
What is prepaid cards?
Give me the three fees a credit card can have
What is Late Payment Fees, Annual Fees, and Transaction Fees?