Financial Math Jeopardy

fill in the blank

100

1. Having blank means the amount of your liabilities is larger than the value of your assets.

   
   

negative net worth

200

blank means having the knowledge and skills to manage your personal finances.

financial literacy

300

blank is a millionaire's best friend.

Compound growth

400

When an asset loses value over time, that‘s blank

deprecation

500

An example of discretionary spending is blank.

Nonessential goods and services

five foundation

100

1st foundation.

Save a 500$ emergency fund.

200

4th foundation

Pay cash for college.

300

2nd Foundation

Get out and stay out of debt.

400

5th Foundation

Build wealth and give.

500

3rd Foundation

Pay cash for car.

multiple choice

100

Reading the owner's manual, using the product as intended, and keeping the receipt are ways to . . .

1. Avoid regretting an impulse purchase.

2. Think through a purchase.

3. Go into debt over an item.

4. Protect and maintain your purchase.

4. Protect and maintain your purchase.

200

Which of these is considered a soft skill?

1. Computer Coding

2. Positive Attitude

3. Cooking hamburgers

4. GIF creation

2. Positive Attitude

300

Which of these is not considered a quality of a good mentor?

1. Accomplished

2. Caring

3. Wealthy

4. Understanding

3. Wealthy

400

When it comes to picking a college, look for one that is:

1. Affordable 

2. Well Known

3. A big name

4. Out of State

1. Affordable 

500

A clothing store credit card is an example of what type of debt?

1. Revolving Credit

2. Installment credit

3. Personal loan

4. Lien

1. Revolving Credit

Finish the sentence

100

The first step of the debt snowball method is to list all your debts...

smallest to largest.

200

A great alternative to a four-year college—and one that could save you a bunch of money—would be to go...

to a community college.

300

A budget doesn’t tell you not to spend. A budget actually...

gives you freedom to spend.

400

When you choose to spend your money now instead of investing it so it‘s worth more in the future, you experience the...

opportunity cost.

500

Checking your credit report regularly can help you spot signs of...

identity theft.

Interest

100

If you have $500 in your emergency fund, and get 2% compound interest each year, how much will you have after 10 years?

$609.50

200

Jerry McGary saved $25,000 for his car, he gets 3% interest on his saved money each year, how much would he have after 4 more years?

$28,137.72

300

Scotty is saving for a van he has 750 dollars saved he gain 6 percent interest each year how much will he have after 3 years

893.3

400

Kanye has $5,000,000 in a bank, and he gains interest at 2% per year, how much would he have after 40 years?

$11,040,198.32

500

if you saved $400 in a bank with 3% bi-annually, how much money would you have in 10 years?

 $722.44