How To Stay Out Of Debt
This is a plan for how you will spend and save your money.
What is a Budget?
A two year degree awarded by community colleges, junior colleges, and some universities, typically requiring 60 credit hours.
What is an Associate Degree?
This important document is usually the first impression for potential employers. It summarized skills and experiences. It is essential for job applications.
What is a resume?
This card pulls money directly from your checking account when you make a purchase.
What is a debit card?
This is the maximum amount you can borrow on your credit card.
What is Credit Limit?
What is zero-based budgeting?
The Fee charged for instruction at a school or university, typically calculated per credit hour or as a flat rate per semester.
What is Tuition?
The estimated amount of time most employers spend scanning resumes when first selecting candidates for a position?
What is 6 -10 seconds?
This type of bank account is used for everyday spending like paying bills or buying groceries.
What is a checking account?
This is the yearly interest rate charged if you don't pay your balance in full.
What is the APR (Annual Percentage Rate)?
In the 50/30/20 budget, what percent should be allocated for needs?
What is 30%
This method prioritizes savings by setting aside money for financial goals first—like retirement or debt repayment—before spending on anything else.
Public University
This professional social media platform acts as a digital resume and is used for job searches, networking, and by employers to find potential candidates.
What is LinkedIn
These financial institutions are nonprofit and owned by their members.
What is a Credit Union?
This is the time between the end of your billing cycle and your payment due date to avoid late fees.
What is a Grace Period?
This method prioritizes savings by setting aside money for financial goals first—like retirement or debt repayment—before spending on anything else.
What is Pay Yourself First or Reverse Budgeting
A graduate degree awarded after completing a program of study beyond the bachelor’s degree, usually requiring one to two years of additional coursework.
What is a Master's Degree?
This transferable skill combines verbal messages, nonverbal cues, and active listening to build trust and professionalism.
What is communication?
This banking service allows customers to check balances and transfer money using the internet or a phone app.
What is Online/Mobile Banking?
Credit Cards use this type of interest, which means you pay interest on your balance, plus any unpaid interest from previous months.
What is Compound Interest?
Electricity, Water, Groceries, Clothing, and Gas are examples of what type of expenses?
What are Variable Expenses?
A broad field of study that includes humanities, social sciences, and natural sciences, emphasizing critical thinking and communication skills.
What is Liberal Arts?
Using examples from school, work, or activities helps support your answers using this method.
What is the STAR METHOD?
The value of everything you own (Assets) minus everything you owe (Liabilities).
What is your Net Worth?
This is known as your financial reputation. It shows payment history amounts owed, length of credit history, credit mix, and new credit accounts.
What is your Credit Score?