Budgeting
Allocating funds for both essential and discretionary spending is part of this process.
What is budgeting?
Understanding these is crucial to minimizing long-term debt from education.
What are student loans?
This card offers 5% cash back on rotating categories for students.
What is the Discover it® Student Cash Back card?
Starting this early, even in small amounts, can significantly grow your savings.
What is saving?
This is the ability to make informed decisions about your finances.
What is financial literacy?
An unexpected cost that can disrupt your budget.
What is an emergency expense?
"Bad" debt
What is high-interest credit card debt considered?
This card gives you a $50 bonus after your first purchase.
What is the Chase Freedom® Student Credit Card?
This financial outcome is often linked to understanding personal finance.
What is long-term financial health?
This can help bridge the economic gap.
What is financial education?
This app is used to make tracking your finances easier and more intuitive.
What is Mint?
This strategy involves prioritizing repayment of high-interest loans first to save money over time.
What is the avalanche method?
70% of college students own this financial tool but may not understand its terms.
What is a credit card?
Financially literate individuals tend to accumulate more of this over their lifetimes.
What is wealth?
Programs that can help improve financial literacy in underserved areas.
What are community workshops or financial counseling programs?
A good practice is to save this amount of your income for unexpected expenses.
What is at least 3-6 months’ worth of living expenses?
This is the total amount owed by 43 million borrowers in the U.S.
What is $1.7 trillion?
This card has an annual fee of $39.
What is Capital One QuicksilverOne Cash Rewards Credit Card?
This type of account typically earns higher interest rates than regular savings accounts, often requiring a higher minimum balance.
What is a high-yield savings account?
This knowledge gives you confidence to make choices aligned with your values.
What is financial knowledge?
This is a common budgeting method that divides your income into three categories: needs, wants, and savings.
What is the 50/30/20 rule?
The current range for federal student loan interest rates is between these percentages.
What are 3.73% and 6.54%?
This term refers to the maximum amount you can charge on a credit card.
What is a credit limit?
What is it called when you spread your money across different investments?
What is diversification?
"An investment in knowledge pays the best interest"
What is Benjamin Franklin?