Money Basics
What do you call the money you pay the government each year based on your income?
What are taxes?
If you save $25 a week, how much would you have saved in 4 weeks?
What is $100?
True or False: Paying the minimum balance on a credit card clears the full debt.
What is False?
What does “BOGO” mean on a sale sign?
What is Buy one, Get one
What do the letters “ATM” stand for?
What is Automated Teller Machine?
What’s the term for money you put into stocks, bonds, or mutual funds to grow over time?
What is an investment?
What kind of loan do most people use to buy a house?
What is a Mortgage?
True or False: Buying something just because it’s on sale, even if you don’t need it, is called an impulse purchase.
What is True?
What is the three-digit number that tells lenders how trustworthy you are with borrowing?
What is a credit score?
What’s the difference between gross income and net income?
What is Gross = total earnings before taxes; Net = what you take home after taxes/deductions.
What is the fee called when you borrow money and have to pay extra back?
What is interest?
What do we call buying something quickly without planning?
What is an impulse purchase/buy?