Consumerism & Media
FOMO is an acronym that stands for this:
What is the "Fear of Missing Out"?
This term refers only to the cost of attending and taking classes, it does NOT include other fees, room and board, etc.
What is college tuition?
This important stash of cash should be enough to cover 3-6 months of expenses just in case
What is an emergency fund?
A share or stake in ownership of the issuing faction, corporation, or company
What is a stock?
These sneaky design tactics are meant to manipulate you and keep you entrapped in apps, websites, etc.
What are Dark Patterns?
A part time job on a college campus that you get through FAFSA
What is a work-study position?
These are the names of the two major retirement accounts
What are Roth IRAs and 401ks?
These are the two "modes" of the stock market (100 pts for each)
This generation is most likely to fall victim to online scams
What is Gen Z?
This type of college loan does NOT charge interest while you are still in school
What is a subsidized loan?
According to a popular savings rule, 50% of your income should be going to this
What are Mandatory Expenses (Groceries, Insurance, Rent/Mortgage, etc.)
This type of stock market has fallen more than 20% and is more dangerous to invest in
What is a bear market?
This trick can be done either online or irl, with the hope of stealing money or private information about an individual
What is a scam?
These financial aid opportunities may be awarded through FAFSA only after you have filled it out
What are Grants, Loans, and/or Work-Study Positions?
These are the banking notifications everyone should have activated on their accounts (100 pts for each one listed)
What are Low Balance, Unusual Activity, Profile Change, and Large Purchase Alerts?
This added cost may be charged once a year on some credit cards no matter how wisely you use it
What is an annual fee?
Mindset shifts, social media boundaries, intentional living, and real connections with other people are all methods to avoid feeling this acronym
What is FOMO
This refers to the percentage that shows how much extra money you’ll pay when you borrow
What is a loan interest rate?
This is what the acronym S.M.A.R.T. stands for (100 pts for each correct term)
What is
Specific
Measurable
Achievable
Relevant
Time-board ?
For credit cards, this percentage cost of borrowing is only charged after carrying a monthly balance (including fees and expenses)
What is APR (Annual Percentage Rate?)