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Is credit card interest a good thing or a bad thing?
It's a bad thing.
What is a coupon?
What is a premium?
The cost of insurance coverage (usually something you pay every month)
What happens if you don't pay your credit card bill in full on time?
You will pay interest.
Define the word "deal"
Deal - something bought at a lower price than usual
What are some signs that an email or text message is a scam?
Sense of urgency
Too good to be true (winning a cash prize)
Asking you to verify personal information
You don't recognize the email address or links
The email is generic (not addressed to you personally)
scholarships
grants
employer tuition assistance
join the military
What does "maxed out" mean in this sentence: "He maxed out his credit card."
He spent all of his credit card limit and cannot buy anything else with the card until he pays the credit card company.
No - it's a scam! If you are not sure, contact your bank or the company directly.
What does "shopped around" mean in this sentence: He shopped around for a new car.
He visited a bunch of places to compare cars and prices before he decided on which car to buy.
What is a deductible?
A fixed amount you pay out of pocket to cover damages or when you get medical car.
What is an insurance quote?
A cost estimate for insurance coverage
Name and describe one marketing strategy that advertisers use.
emotional appeal - ad tries to make you feel something
testimonials - personal experience/experiences of others
slogan - catchy phrase typically put in an advertisement
statistics - using data and numbers to
comparison to the competitor
humor - making you laugh so you remember it
aesthetics - looks nice
What is the 50/30/20 budget?
It's a budget that has you use 50% of your income for needs, 30% for wants and 20% toward savings.
If I say "Those shoes will break the bank," what does that mean?
The shoes are super expensive and cost more than I can afford.
What is a "bounced check"?
A bounced check is a check that gets rejected because the person who wrote the check doesn't have enough money in their account.
What are the three types of life insurance?
What kind of life insurance is cheap and only lasts for a set amount of time (10, 20 or 30 years)?
term life insurance
What do you call a person who receives money from someone who passed away?
beneficiary
What is liability insurance coverage?