Credit and Debt
The most widely used tool to measure risk for lenders
What is (fico) credit score
This is the age you can get a checking account at by yourself
What is 18
Currency, money, or money-like asset that is primarily managed, stored or exchanged on digital computer systems.
What is Cryptocurrency (bitcoin, Ethereum)
SSN
What is Social Security Number
This is your pay after taxes
What is Net income
You should always keep your credit utilization rate below this percentage
What is 30%
In the 50/30/20 budget, this percent goes to wants
What is 30 (percent)
Term for the amount of risk you are willing to take
What is risk tolerance
APR
What is Annual percentage rate
This form is used by employers to calculate the amount of income tax to withhold
What is a W-4
Name one of the 3 credit bureaus
What is
This simple budgeting method works if you mostly use cash
What is the envelope method
This index follows the 500 largest publicly traded companies
What is the S&P 500
IRS
What is Internal revenue service
This is one type of Payroll tax
What is Social Security tax and Medicare tax
Daily double!!! You have a credit line of $1000 what is the most you can spend to stay at 30% utilization
What is $300
In the 50/30/20 rule where does credit card payments fall
What is 20 (percent)
A loan from the public to a company or government
What is a bond
NYSE
What is New York Stock Exchange
Most of our federal money is spent in this category
What is Social security, Medicare & other retirement
A loan is considered secured when it has this
What is collateral
Daily Double!!! The average income for individuals without a high school diploma
What is $30,784
Daily double!!! The New York Stock exchange was created in this year
1817
FDIC
What is Federal Deposit Insurance Corporation
This percentage comes from corporate income taxes
What is 7%