Budgeting Basics
The amount of money you take home on your paycheck.
What is net income.
Your emergency fund should be set for this amount of money.
$500
A three-digit number that tells banks and lenders how likely someone is to repay debt.
What is a credit score?
When you feel guilt or regret after purchasing something you are experiencing this..
What is buyers remorse.
Most jobs will want a copy of this document before your interview.
What is a resume.
This type of expense stays the same from month to month.
What is a fixed expense.
When
Failure to repay a loan on time.
Default
When someone else uses your personal information to commit fraud.
What is identity theft.
A person who starts and runs a business.
What is an entrepreneur.
What is it called when you make a certain percentage of total sales you make?
What is commission.
True or False: Debt is a tool to make you wealthy.
False
300-850
This is the public's ability to recall and recognize a brand by its logo, jingle, packaging, or name
What is brand recognition.
Personality traits that either come naturally to you or are developed over time.
What is a soft skill.
A _________ should account for fixed, variable, intermittent, and discretionary expenses based on income.
What is a budget.
The amount of interest charged on a debt but not yet collected is called..
Accrued Interest
This is what the "U" stands for on a credit report?
What is unclassified.
The process of communicating the value of a product or service to customers.
What is marketing.
This is someone who supports guides, and advises another person over a period of time.
What is a mentor.
What's an example of an unexpected expense that may occur?
Answers may vary..
__________ is a millionaire's best friend.
What is compound growth.
These are the three C's of credit?
Character, Capacity, and Collateral
What is a impulse buy.
The spot where what you love to do the most intersects with the things you do the best.
What is the sweet spot.