Budgeting Basics
Saving and Investing
Credit and Debt
Taxes
Financial History
100

What is the term for income after taxes and deductions?

What is net income?

100

What is the term for saving money for unexpected events?

What is an emergency fund?

100

What does FICO stand for in credit scoring?

What is Fair Isaac Corporation?

100

What does the IRS stand for?

What is the Internal Revenue Service?

100

Who is the famous investor known as the "Oracle of Omaha"?

Who is Warren Buffett?

200

Spending more money than you earn is called this.

What is overspending?

200

This government-backed account helps you save for retirement with tax advantages.

What is an IRA (Individual Retirement Account)?

200

Paying only the minimum amount on a credit card each month can lead to this.

What is high-interest debt?

200

What is the name for a tax deducted directly from your paycheck?

What are payroll taxes?

200

What year did the Great Depression start?

What is 1929?

300

What is the 50/30/20 rule in budgeting?

What is a method to allocate 50% for needs, 30% for wants, and 20% for savings?

300

What is the term for the practice of spreading your investments to reduce risk?

What is diversification?

300

What’s the term for the ratio of your credit card balances to your credit limits?

What is credit utilization?

300

This form is used to report your wages and tax withholding at the end of the year.

What is a W-2 form?

300

What was the name of the financial act passed in 2010 to prevent another financial crisis?

What is the Dodd-Frank Act?

400

A fixed monthly cost like rent or a car payment is called what type of expense?

What is a fixed expense?

400

This is the name for the percentage return on an investment over a year.

What is an annual percentage yield (APY) or return on investment (ROI)?

400

This three-digit number is used to determine your creditworthiness.

What is a credit score?

400

Contributions to a 401(k) are deducted from your paycheck in this manner.

What is pre-tax?

400

This is the name of the scandal involving Enron and its fraudulent accounting practices.

What is the Enron scandal?

500

What is the term for unexpected costs like car repairs or medical bills?

What are emergency expenses?

500

What’s the maximum annual contribution limit for a Roth IRA in 2024 for someone under 50?

What is $6,500?

500

What’s the name of the law that entitles you to one free credit report from each credit bureau per year?

What is the Fair Credit Reporting Act?

500

This term refers to income earned from investments, not regular employment.

What is capital gains?

500

What U.S. government program insures individual bank deposits up to $250,000?

What is FDIC insurance?