Practical Knowledge
Ways to Save
Retirement
Financial Tools
General Knowledge
100

This is a basic account held at a bank, you would use a debit card to draw money out of this account. There are usually fees attached to this type of account. 

What is a Checking account.

100

A financial account that helps you earn interest on your money while keeping it accessible.

What is a Savings account?

100
The age at which individuals can typically start receiving full Social Security benefits. 

What is 65?

100

This type of insurance protects your home in case of natural disasters or theft?

What is Homeowners Insurance?

100

The three major credit bureaus that monitor your credit history.

Who are Equifax, Experian, and TransUnion?

200

This special type of insurance helps cover the cost of extended care services, like nursing home care or home health care, which are not typically covered by Medicare or health insurance. 

What is Long-term Care insurance?

200

Financial experts recommend having at least this many months' worth of living expenses saved in an emergency fund.

What is three to six months?

200

What type of retirement plan can provided by employers and guarantees a specific monthly benefit upon retirement?

What is a Defined Benefit Pension Plan?

200

This type of interest grows on the initial principal and any previously earned interest.

What is Compound Interest?

200

This type of educational financial aid does NOT need to be paid back.

What is Grants and Loans?

300

This is the highest possible FICO credit score.

What is 850?

300

This account, often used to education expenses, offers tax advantages for saving for college. 

What is a 529 savings plan?

300

At what age are individuals generally eligible to enroll in Medicare, the federal health insurance program for retirees?

What is 65?

300

This term represents a diversified portfolio  of stocks and bonds.

What is a Mutual Fund?

300

The process of estimating the value of a property.

What is an appraisal? 

400

To avoid accumulating debt, make sure you can do this with your credit card balance before the due date. 

What is paying the full balance?

400
Designed for short-term emergency needs, this savings account often imposes penalties for early withdrawals. 

What is a Certificate of Deposit or CD?

400

This retirement account type involves contributing after-tax dollars and enjoying tax-free withdrawals. 

What is a Roth IRA? 

400

The term for money you receive  to pay for education that must be repaid.

What is a student loan?

400

The practice of tricking people into revealing personal information.

What is Phishing?

500

This financial practice involves consistently setting aside a portion of your income for the long-term future. 

What is contributing to a retirement account?

500

This type of savings account typically offers higher interest rates then regular savings accounts. 

What is a High-Yield savings account?

500

This employer benefit involves the company contributing money to your retirement savings based on your own contributions. 

What is a 401k match?

500

This financial tool helps you plan your spending, track your income, and set financial goals.

What is a budget?

500

What does APR stand for in the context of loans and credit cards?

What is Annual Percentage Rate?