Saving and Investing
When Interest is added to the principal amount so that the interest earns interest.
Compound Interest
The list of Players on a team
Roster
Credit card minimum payments are usually around the total balance
2-3%
Simple savings accounts and card loans
Examples of saving vehicles
The most money a team is allowed to spend on player salaries
Salary Cap
The annual percentage rate on a credit card determines
The amount of interest you are charged on credit card purchases
What do IRAs, Roth IRAs, 401(K0s and 403(b)s all have in common?
Long-term savings plans for retirement
The number of Stanley Cups won by the New Jersey Devils
3
How many free credit card reports are you legally entitled to per year from each of the credit bureaus?
One credit report from each credit bureau
A collection of investment sold as a package?
Mutual Fund
NHL legend who wore number 30 for the Devils?
Martin (“Marty”) Brodeur
What is the numerical range for credit scores from the three major reporting agencies?
300-850
Helps you balance risk across different types of investments
Diversification
In what year did Bruce Driver win the Stanley Cup with the New Jersey Devils?
1995
What are the two biggest influences on your credit score?
Payment history and amount of debt