First Semester Rev. (No math)

Credit and Loans

100

Give an example of good credit...

Mortgage, student loans, etc. Anything that repays itself. 

200

A secured loan requires you to provide what to the lender?

Collateral. 

300

If you have a credit card balance, what is the recommended maximum percentage of your total credit limit you should use?

30%

400

What is the main disadvantage of making only the minimum payment on a credit card each month?

Increases total interest, takes longer to pay off

500

Give an example of a predatory loan...

Payday loans

Saving Money/Banking

100

What is the recommended size for a fully-funded emergency fund for most people?

3-6 months worth of expenses. 

200

Give an example of a fixed expense...

Rent, Loan payment, et. Anything that does not change month to month.

300

What should you do if you notice an unauthorized transaction on your bank statement?

Immediately call or go into your bank to report the activity. 

400

If you need to make a secure payment for a large purchase and a personal check is not accepted, which of the following is a guaranteed form of payment drawn from the bank's own funds?

Cashier's check

500

What is a potential disadvantage of relying solely on an online-only banking?

Limited access to customer support, not branch if you need to go in for issues are 'your' branch. 

Random

100

How many continents are there on Earth?

7

200

What does QR (in QR code) stand for?

Quick Response. 

300

What is the world’s largest retailer as of 2025?

Walmart

400

 What artist has the most streams on Spotify?

Taylor Swift

500

Who was the first Disney princess?

Snow White

FAFSA

100

The FAFSA application can be submitted starting on this date...

October 1st

200

What is the most influential factor on the FAFSA in determining your student aid index?

Parent Income.

300

What is a part-time job on-campus where earnings are often used to help pay for college?

Work-Study Job

400

What is the name of the government assistance if you qualify as under the income?

Pell Grant.

500

What is your signature called that gives submission to the loan?

MPN. Master Promissory Note

Budgeting

100

What should you list first while making a budget?

Your total monthly income. 

200

How much money is ideal to put into your savings?

20%

300

Why is budgeting important?

Shows you where all of your expenses truly are, good to know exactly where your money is going.

400

What is the 50/30/20 rule?

50- Needs

30- Wants

20- Savings

500

What should you do if you are over your monthly budget?

See which expense can go down. Must lower something.