Aid Me, Please!
This government form determines how much financial aid you qualify for.
What is FAFSA?
This type of account is best for keeping your money safe and accessible for daily expenses like groceries or gas.
What is a checking account?
Setting financial goals can motivate you to save money. These types of goals should align with your vision statement and can help you progress. Hint: 5 letter acronym
What are SMART goals?
In the Bible, we’re called to give this portion of our income back to God.
What is 10% or a tithe?
This three-digit number determines your creditworthiness to lenders.
What is a credit score?
This type of scholarship is awarded for your academic achievements, like having a high GPA or strong test scores.
What is a merit-based scholarship?
When creating a financial plan for life after high school, you should prioritize saving for these types of expenses.
What are emergencies or essentials?
This is the term for money set aside for unexpected events, like car repairs or medical bills.
What is an emergency fund?
2 Corinthians 9:7 reminds us that “God loves a ______ giver.”
What is cheerful?
When borrowing money, this is the term for the extra amount you pay back on top of what you borrowed.
What is interest?
This type of financial aid is based solely on your family’s financial need.
What is a grant?
This monthly expense is often the largest for recent college grads or young adults.
What is rent/housing?
This strategy helps you organize your income and expenses so you don’t run out of money.
What is a budget?
This 4 letter book in the Bible contains a scripture that teaches, “It is more blessed to give than to receive.”
What is Acts? (Acts 20:35)
This fee is charged by lenders when you miss a payment on a loan or credit card.
What is a late payment fee?
This type of FAFSA financial aid must be repaid, often with interest, after graduation or leaving school.
What are federal student loans?
You may have to budget for this type of expense if you’re living on campus or commuting to college.
What are meal plans or transportation costs?
It’s wise to save at least this many months’ worth of expenses in an emergency fund.
What is 3-6 months?
Giving doesn’t just mean money; it can also include these three things.
What are time, talents, and resources?
Fill in the blank: A loan agreement outlines the terms, interest rate, and r_p___e_t schedule.
What is repayment?
This is the most common mistake with the FAFSA application.
What is not submitting an application?
You should aim to spend no more than this percentage of your income on needs like housing, food, and transportation.
What is 50%?
This financial habit helps you prepare for larger, long-term goals, like college or buying a car.
What is investing?
Giving to others and to God reflects this key character trait.
What is generosity?
You should aim to avoid taking out payday loans because of their extremely ____ interest rates.
What is high?