Poor financial decisions, credit card debt, and catastrophic circumstances hinder people from doing this.
What is save money?
100
This is known as the value of what you own.
What are assets?
100
This percentage of 20 year olds will become disabled before they retire.
What is 20% (1 in 5)?
100
These are two of the three major credit reporting agencies.
What are Experian, TransUnion, and Equifax?
100
This is the number one cause of debt.
What are credit cards?
200
Financial experts recommend you build an emergency fund that covers this many months' worth of expenses.
What is 3-6?
200
This is known as the amount you owe.
What are liabilities (debts)?
200
This important coverage is an excellent way to protect yourself against unexpected illness or injury that prevents you from working (for a limited amount of time).
What is short term disability insurance?
200
FICO scores can range between these two numbers (within 100 points).
What is 300 to 850?
200
The estimated average credit card debt per household is just under this amount (within $1,000).
What is $16,000?
300
This percentage of Americans do not have an emergency "rainy day" fund
What is 28%?
300
Creating this is critical to be in control of your spending.
What is a budget?
300
If you are among the many who receive a refund at tax time, then you are essentially doing this for the government.
What is giving the goverment an interest free loan?
300
This is the median score according to FICO and the minimum score for most mortgage lenders. (Will give 25 point grace.)
What is 725?
300
This is the percentage of U.S. households that are carrying credit card debt monthly.
What is 43%?
400
These are two great ways to save on your grocery costs.
What is (1) make a grocery list and stick to it, (2) don't shop on an empty stomach, (3) use coupons?
400
Assets minus liabilities (debts) equal this.
What is financial net worth?
400
These are two tips that can increase your likelihood of a better financial position in retirement.
What is (1) start saving earlier, (2) save more, (3) work longer?
400
This is the best way to improve your credit score.
What is make your payments on time?
400
This credit card should get paid off first.
What is the one with the highest interest rate?
500
This is the maximum percentage of your monthly income that should be allocated toward housing expenses.
What is 30%?
500
This is the general increase in prices and decrease in the purchasing power of the dollar.
What is inflation?
500
These are two long-term investment types.
What are EE savings bonds, certificates of deposit, variable annuities, real estate (not including your primary residence), stocks, bonds, and mutual funds.
500
This percentage of consumers have an error on their credit report.
What is 20% (1 in 5)?
500
This is the average annual percentage rate (APR) charged on credit cards.