Budget
Expenses are categorized in two ways.
What are fixed and variable expenses?
What are needs and wants?
This credit score is well below the average score of US consumers and demonstrates to lenders that the borrower may be a risk.
What is a Poor Score?
This credit card percentage is considered a safe usage rate when using a credit card responsibly.
What is 30%
Team can collect half of the points for the appropriate questions
Courtesy Points
The two most common loans on which people get stuck paying compounding interest.
What are student loan and credit credits?
This credit score is below the average score of US consumers, though many lenders will approve loans with this score.
What is a Fair Score?
Consumers typically avoid compound interest by...
What are on-time payments.
College success from a financial perspective means that you must do the following. Name at least 2 examples provided in Chapter 7.
1. Know the total cost of the education
2. Consider job market trends
3. Work hard at school during the education
4. Pursue ways to reduce costs
For students working toward a bachelor’s or associate degree, or both forms of undergraduate degrees, you should try to keep your student loans.
What is equal to or less than your expected first year’s salary.
When creating a budget what should you include.
What are expenses and income.
This credit score is near or slightly above the average of US consumers, and most lenders consider this a good score.
What is a Good Score?
Credit Card utilization rate refers to what?
What is the percentage of available credit that you’re using on your credit cards and other lines of credit.
Students can began completing FASFA applications by October 1, 2025. The official deadline for the 2026-2027 school year.
What is June 30, 2026.
According to US News & World Report, the average cost of college (including university) tuition and fees varies widely.
What is In-state colleges average $10,338 (In-state) $22,698 (Out of state) for the same state college.
Name the 3 elements of a Budgets.
What are income, saving and investing, and expense?
This credit score is above the average of US consumers and demonstrates to lenders that the borrower is very dependable.
What is a Very Good Score?
Name the three main benefits of getting a credit card.
What is
1. A secure and convenient method of making purchases
2. A greater consumer protections than debit cards do when lost or stolen.
3. A method that allows you to build your credit score
Your____ score main categories considers a person's payment history (35%), amounts owed (30%), length of credit history (15%), new credit accounts (10%), and types of credit used (10%).
What is a Fico Score?
Students who are recipients of a subsidized or unsubsidized loan typically start repayment when?
What is 6 months after the student completes program or when the student drops below 6 credit hours.
Tracking your net worth includes knowing what information.
What is knowing your assets (what you owned) minus any liabilities (what you owed).
The 3 major credit bureau are?
What is Transunion, Equifax, & Experian.
Avoiding Cards with Annual Fees or Minimum Usage Requirements AND Keeping the Credit Limit Equal to Two Weeks’ Take-Home Pay are?
What are key elements to consider when using a credit card?
The financial planning process consists of five distinct steps. Name the 5 components in order.
What are goal setting, evaluating, planning, implementing, and monitoring.
According to charter 7 reading, the federal government has how many repayment programs.
What is eight separate loan repayment programs.