Financial wellness basics
What is Financial Aid meant to do?
What is supplement income to enable the student to pursue his or her educational goals?
A plan made in advance regarding the expenditure of money based on available income
What is budgeting?
Brian is trying to improve his credit. This is one of the areas that will have a great effect on his credit score.
(Any of these answers)
An account with only one person who is the owner of the account
What is an individual/primary account?
An online scam that targets individuals by sending an email that appears to be from a well-known source to acquire sensitive information, known as this type of scam.
What is Phishing scam?
What kind of student loan accrues interest as soon as it is disbursed?
What is an Unsubsidized Loan?
An account where you can make deposits, make withdrawals, write checks, and have a debit card
What is a checking account?
A poor credit score can affect what?
(Any of these answers)
What is banks refusing to lend money OR
What are higher interest rates
An account with two or more people who are all the owners of the account
What is a joint account?
A call, text, or email where the fraudster pretends to be an authority, like law enforcement, and scares you into sending them money, known as this type of scam.
What is Imposter scam?
What decision can affect your future?
(Any of these answers)
This term refers to fees charged for transactions where a checking account lacks the necessary funds
What is overdraft fee?
If you want to find out your credit score, this is one of the three agencies you can check with
(Any of these answers)
If Tyler and Tammy have a Joint account, these people have the rights to that account.
Who are both Tyler and Tammy?
Scammers take advantage of people looking for love, often through social media apps and con the victim into sending them money and gifts, known as this type of scam.
What is Romance scam?
If you borrow a small amount of student loan, what may be the minimum payment?
What is $50 but it can increase depending on the total amount borrowed?
A secure, rented container within a bank's vault, used for storing valuable physical assets like important documents, jewelry, or heirlooms
What is a safety deposit box?
This is a sensible reason to take out a loan
(Any of these answers)
What should you use as an emergency fund as a last resort?
What are credit cards?
Scammers will contact by phone, email, or text message to tell you there’s a problem with your computer, known as this type of scam.
What is a Tech support scam?
These are the best things to do during your college years in order to prepare for a positive financial future.
(Any of these answers)
An account when you leave your money deposited for a specific, predetermined period of time (known as the term), ranging from a few months to several years. In exchange for this commitment, the bank pays you a fixed interest rate.
What is a certificate of deposit (CD)?
How can you ensure you save over $500 a year?
What is save $10 per week for a year?
A person who can act of someone's account while the account holder is still alive. However, they cannot transact their own business on the account.
What is a power of attorney (POA)?
If you fall for a scam, you should do this to limit the damage
(Any of these answers)