Show:
Banking
Budgeting
Money Matters
Credit
Identity Theft
100
What type of account is used to save money?

Savings Account

100

What is a budget in 5 words?

 A plan for your money

100

What is a specific duty, task, or activity someone completes using his or her time, skills, and energy to earn money.

A Job
100
What is the range of a credit score?

350-850

100
What should you always do with your trash with important information?

Shred it (dispose of it in a way where it cannot be read)

200
What is it called when you put money into your bank account?

Deposit

200

What is income?

Any money you have coming in. Can be from a job or allowance. 

200
What is difference between a Debit card and a Credit Card?

A debit card is your money. A credit card is borrowed money.

200

What is the most important factor when calculating your credit score?

Payment History: payments made on time and as agreed.

200

You can eliminate all risks by taking precautions to protect yourself. True or False

False. You can take steps to reduce risk but can never full eliminate it. 

300

What is the type of fee that will be charged if you use more money than you have available?

Overdraft fee

300
What is the difference between a fixed expense and a flexible expense?
A fixed expense does not change (rent, car payment), a flexible expense does change (electric bill, water bill)
300

What is interest?

An amount that is charged when you borrow money. 

300

What are the 3 credit reporting agencies?

Experian, Equifax, and Transunion

300

What is it called when a thief installs an illegal device, into gas pumps, ATMs, or credit card machines that captures your data

Skimming

400

What does ATM stand for?

Automated Teller Machine

400

What is money that is owed?

Debt

400

What is credit?

Your ability to borrow money
400
What is the expected utilization on your credit? (How much they would like for you to use?)

30%

400

What are emails where thieves will impersonate a company that you do business with, such as your bank or credit card company in order to gain information?

Phishing emails

500

What is the system that banks use to determine if you qualify to open an account?

Chexsystems

500

How is the 50/30/20 rule broken down?

50% on needs, 30% on wants, and 20% on savings

500

What is the TX sales tax rate?

8.25% or .0825

500
What is the official credit reporting website where you can pull your credit report for free once annually?
annualcreditreport.com
500

What website should you go to if you think you are the victim of identity theft?

identitytheft.gov