Budgeting / Banking
It is better to have $1,000 today or $1,010 in a year
What is $1,000 today?
The definition of credit score
What is a numerical representation of your responsibility with debt?
What is [rewards, building credit, cashflow]?
The optimal time to start saving for retirement
What is now (or as soon as you have the financial flexibility to)?
An example of "good debt" (defined as a loan for something that appreciates in value)
What is [student loans / mortgages / etc.]?
The benefit provided by FDIC insurance
What is insuring deposits up to $250,000?
The most important factor in a credit score
What is payment history?
[Yes/No] It is best practice to exclusively rely on being an authorized user on a credit card to build your credit score
What is no?
A major risk associated with investing
What is returns are not guaranteed?
The definition for "Principal" as it relates to debt
What is the initial amount of money borrowed?
The definition of paying yourself first
What is saving part of your income before spending it on anything else?
The description of or formula for your credit utilization ratio
What is [sum of revolving credit balances] / [sum of associated credit limits]?
The main benefit of a student credit card over regular credit cards
What is allowing students with little/no credit history to get a credit card?
According to best practice, two criteria your financial situation should meet before you invest.
What is [sufficient income / no high interest loans / emergency fund in place / a plan for your investing]?
The difference between a traditional and roth retirement account
What is [traditional: tax free now, tax later] and [roth: tax now, tax free later]?
An advantage and disadvantage of a national bank (e.g., Chase, Wells Fargo)
What is [branch access / diversity of products/services] and [high fees / low interest rates on deposits]?
The official website for getting free copies of your credit report
What is annualcreditreport.com?
Four risks associated with credit cards
What is [overspending, high interest debt, extensive fees, hurting credit score]?
The main reason to diversity when investing and a convenient mechanism for investors to do so?
What is reducing risks and funds (such as ETFs or mutual funds)?
Three impacts Trump's tariff plan could have on personal finance in the short term?
What is [increased food/product costs / equity market volatility / macroeconomic challenges]?
The three bank fees that cost consumers the most
What is the overdraft fee, maintenance fee, and ATM fee?
The five components of a FICO score
What is payment history, amounts owed, length of credit history, new credit, credit mix
The two key habits we discussed that are critical for encouraging responsible credit card use
What is enabling autopay and treating your credit card like a debit card?
What are the considerations associated with investing in stocks vs bonds?
What is [Trae to evaluate answers]?
The definition of and key differences between income taxes, capital gains taxes, and payroll taxes
What is [Trae to evaluate answers]?