Savings & Budgeting
This number shows how good you are with borrowing and repaying money
What is a credit score?
This type of account is meant for everyday spending, while the other is for money set aside
What is a checking account and savings account?
This global pop star became a billionaire through her Fenty Beauty and Savage X Fenty brands, not just music
Who is Rihanna?
This form helps you apply for financial aid for college
What is the FAFSA?
This type of bank account earns interest over time
What is a high yields savings account?
With a score of 750, your credit is generally considered this.
If you invest $100 and it grows by 10% in a year, you end up with this ammount.
What is $110?
This basketball legend became a billionaire through sneaker deals, endorsements, and owning part of the Charlotte Hornets.
Who is Michael Jordan?
This document is often tailored for each job application and highlights your experience and skills.
What is a resume?
Rent, tuition and your phone bill is an example of this type of expense
What is a fixed expense?
Paying the full credit card balance on time helps you avoid this
What is paying interest?
Spreading investments across different assets is known as this.
What is diversification (or a diversified portfolio)?
This rapper’s headphones were so successful that Apple bought his company for $3 billion.
Who is Dr. Dre?
Extra income, experience, and skills are all benefits of this kind of activity in college.
What is a side hustle?
APY stands for:
Experts recommend keeping this below 30% of your credit limit.
M&M aims for keeping it below 1-10% ;)
What is your credit utilization?
Saving early matters because of this effect, where your money grows on top of itself
What is compound interest?
This talk show host and actress built a media empire and was the first Black woman billionaire.
Who is Oprah Winfrey?
In this type of loan, the government pays the interest while you’re in school.
What is a subsidized loan?
In the 50/30/20 rule, this percentage goes towards wants
What is 20%
APR stands for:
What is annual percentage rate?
This is the main difference between saving money in a bank and investing in stocks
What is risk?
This term describes the significant difference in assets and income between racial groups in the U.S.
What is racial wealth gap?
This type of interview question asks you to describe a past experience to demonstrate your skills, often using the STAR method.
What is a behavioral interview question?