Better than a mattress
The first is a for-profit business entity while the second is a non-profit member-owned cooperative.
What are banks and credit unions?
This is the term used to describe the interest rate on credit cards.
What is Annual Percentage Rate, or APR? They tend to be around 20%.
This acronym stands for Free Application for Federal Student Aid.
What is the FAFSA?
Millionaires tend to have this habit.
What is reading?
This is the minimum amount the Arizona state government says you can be paid per hour.
What is $14.35?
Financial Institutions issue these cards that are directly attached to your accounts.
What is a debit card?
This is the time frame credit card companies give to pay your bill in full before interest is accrued.
What is the grace period? It ranges from card to card but is often three weeks to a month, at the longest.
This portion of FAFSA award doesn't need to be paid back to the government.
What is a pell grant?
Millionaires follow this simple financial tool to track their money.
What is a budget?
These are taken out of your paycheck.
What are Employee-Related Expenditures? They can include FICA, Medicare, Workmans Comp, Insurance,etc...
This is the amount of a loan that is paid in addition to the principal
What is the interest?
This card protects your money more than the other.
What is credit card? See me later if you have questions.
This legal process can not erase student loans.
What is bankruptcy?
Most millionaires became millionaires by doing this.
What is living below their means?
This type of job is exempt from overtime.
What is a salaried position? Depending on federal guidelines that are currently in flux.
The FDIC insures each bank account up to this amount.
What is $250,000.00?
This is the year single women could get credit cards on their own.
What is 1974?
This is the average student loan debt per borrower.
What is $37,853.00.
75% of millionaires invested in this.
What are employee-sponsored retirement plans?
This is the average amount of hours worked a year as a full-time employee.
What is 2080 hours?
This is the bank that has the largest market capitalization in the world.
What is JP Morgan Chase?
As of the fourth quarter of 2023, this is the average American credit card debt per person.
What is $6,501.00?
This type of student loan accrues interest as soon as they are accepted.
What is unsubsidized? Subsidized accrues interest after you graduate or stop attending.
Millionaires tend to practice delaying this.
What is gratification?
What is 29,324 hours?