Budget Challenge
The tab you use to pay bills
What is the bank tab?
Type of loan that will not be wiped away when bankruptcy is filed
What is a student loan?
The amount of money you take home
What is net pay?
A 820 Fico score
What is a perfect credit score?
Should submit this when applying for job
What is a resume?
Another name for a bill that just came
What is an invoice?
Some debt can be wiped away
What is filing bankruptcy?
The full amount of money you make?
What is gross pay?
Small petty purchases on credit card
How to lower a credit score?
Let’s you know on a check how much your net pay is after taxes
What is a pay stub?
Adjust this to save more money and have a smaller take home pay
What is a 401k savings plan?
The amount of national debt
What is 15.8 trillion?
DAILY DOUBLE: The federal tax on bonuses over $1,000,000
What is 39.6%
Percent to keep usage of credit card under
What is 75% usage?
Where paychecks are cashed
What is a bank?
Day to Day purchases are made with
What is a credit card
Type of debt that made the housing market crash
What is mortgage debt?
The Illinois tax on bonuses
What is 4.95%
Helps to make purchases when all of the funds are not available
What is a credit card?
DAILY DOUBLE: No need to pick up a check, it goes straight into the bank with this
What is direct deposit?
Locked when the simulation first started
What is vendor selections?
Average amount of time it takes to pay off student loan
How much is 21 years?
Form to file simple taxes
What is a 1040EZ?
Makes many payments higher due to these rates
What are interest rates?
Once you have payed taxes you may get one of these
What is a tax return?