Saving
This is the term for money set aside for unexpected expenses like medical bills or car repairs.
What is an emergency fund?
What is the term for buying something with the expectation that it will grow in value over time?
What is investing?
What three-digit number shows how trustworthy you are to lenders?
What is a credit score?
What is the term for buying something with the expectation that it will grow in value over time?
What is a stock?
What is the difference between an asset and a liability?
Assets are something you own, Liabilities are things you owe
What type of bank account earns interest and is designed for saving money?
What is a savings account?
Owning part of a company by buying shares makes you this.
What is a shareholder?
Name three factor that affects your credit score
What is payment history / credit utilization / length of credit history / new credit / credit mix?
If you win $1,000, how do you split it according to CFPB rules?
What is $500 (saving), $300 (spending), $200 (investing)?
How much money do most experts recommend saving for an emergency fund?
What is 3 to 6 months of expenses?
Quote from...
This term measures how quickly an investment can be turned into cash without affecting its price.
What is liquidity?
If you only pay the minimum balance on your credit card each month, what happens to your total debt over time?
What is it grows because of interest charges?
Name 3 of the 8 states Columbia bank is located in.
What is ID, OR, NV, UT, WA, CA, CO, AZ
What is the FDIC insurance limit per depositor, per account category?
What is $250,000?
What is the term for earning interest on both the money you saved and the interest it already earned?
What is compound interest?
If you spend more money than you earn, you are running this type of financial shortfall.
What is a deficit?
If your credit card balance is $300 and your credit limit is $1,000, what is your credit utilization %?
What is 30%?
Columbia Bank merged with this Oregon-based bank in 2023 to expand its presence in the Pacific Northwest.
What is Umpqua Bank?
This type of scam might involve someone pretending to be your bank over text or email
What is phishing?
If you deposit $1,000 into a savings account with 2% annual interest compounded yearly, how much money
What is $1,020?
What percentage does the CFPB (Consumer Financial Protection Board) recommend as a minimum amount to invest?
20%
What is one organization that you can use to check your credit score?
Experian, Equifax, Transunion
This type of account lets you withdraw money at any time but typically pays lower interest than a CD.
What is a savings account (or money market account)?