What is specific, measurable, attainable, realistic, time bound?
100
A Mortgage and Car Loan are examples of this type of credit.
What is closed ended credit?
100
The higher the education the higher the income you can potentially earn.
What is the direct relationship between career choice, education, and potential earning power?
200
This is the cardinal rule of finance.
What is Pay Yourself First (PYF)?
200
Central banking system in the U.S., controls money supply, makes coin and bills, sets prime rates, bank of all banks.
What are roles of the Federal Reserve System?
200
This type of financial goal is less than 3 months away.
What is short term goal?
200
Under this act, persons under the age of 21 cannot receive a credit card UNLESS there is a cosigner.
What is the 2009 Card Act?
200
This is the person responsible for all of your payments should you default on a loan or rent payment.
What is a co-signer?
300
Examples of this expense could be food, gas, electric, and miscellaneous expenses. The amounts change each month.
What are variable expenses?
300
Guarding your social security number, shredding unwanted credit card offers, never giving out your personal information, changing your passwords monthly, logging out of websites immediately.
What is protecting yourself from identity theft?
300
This type of financial goal takes more than 3 months but less than a year to achieve.
What is an intermediate goal?
300
This act requires credit card companies to provide specific information about the account on every credit card statement.
What is the 2009 Card Act?
300
This will tell you how long it will take an investment or debt to double in a given period of time, or the interest needed to double that investment.
What is the Rule of 72?
400
Examples of this expense could be car payment or house payment. They are the same amount each month.
What is a fixed expense?
400
This type of financial goal will take longer than 1 year to achieve.
What is a long term goal?
400
This is the only type of depository institution that is owned by it's members.
What is a credit union?
400
The purpose of this is to allow the employer to withold federal income taxes from an employee's wages. You fill this out when you are hired for a job, and can make changes to it at any time.
What is a W-4?
500
Examples of this exense could birthday/Christmas gifts, magazine subscription, or paying auto insurance semi-annually. Payments don't happen every single month.
What is a periodic expense?
500
Make a list, check grocery store advertisements, buy in bulk, check unit pricing, use coupons, check receipts.
What are strategies for saving money on groceries?
500
These are the 5 steps to the financial planning process.
What are Setting SMART goals, Analyzing Information, Creating a Plan, Implementing the Plan, and Monitor and Modify the Plan.
500
Older age, being female, being married, good driving record, cheaper car, safer car, being a good student, less driving, and safer zip code.
What are ways to reduce your auto insurance premiums?
500
Typically, the higher the risk, the higher the rate of return on an investment.