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Plan to Earn
Saving for Life
The Budget Game
Credit Choices
Grab Bag
100
True or False: Getting married, having children and buying a home will have little impact on your personal finances.
FALSE
100
Income earned from allowing someone else to use your money.
What is INTEREST?
100
Expenses that do not change from month to month.
What are FIXED EXPENSES?
100
Money owed
What is DEBT?
100
True or False: The decisions you make about jobs, schooling or savings will influence the other choices you will make in life.
TRUE
200
The best predictor of how much income you'll make in your lifetime.
What is EDUCATION?
200
Setting aside a portion of current income for future use.
What is SAVING?
200
Any money earned or received, such as wages or gifts.
What is INCOME?
200
The cost of borrowing money, expressed as a percentage.
What is an INTEREST RATE?
200
Your financial responsibility "grade", ranging from 350-850.
What is a CREDIT SCORE?
300
Money received to attend college but does not need to be repaid.
What are SCHOLARSHIPS/GRANTS?
300
Putting money into a venture that offers the possibility of earning more money.
What is INVESTING?
300
Expenses that may change from month to month.
What are VARIABLE EXPENSES?
300
Used to track and grade your repayment history.
What is a CREDIT REPORT?
300
True or False: When budgeting, allow room for the unexpected.
TRUE
400
An alternative to buying a home, most young people start off with this.
What is RENTING?
400
Potential costs compared to potential benefits.
What is RISK VS. REWARD?
400
A spending plan for managing money during a given period of time.
What is a BUDGET?
400
Always read this on credit offers.
What is the FINE PRINT?
400
The secret to successful budgeting.
What is to SPEND LESS THAN YOU EARN?
500
The difference in lifetime earnings between a college graduate and a high school graduate.
What is $1,000,000?
500
The one thing you need to know to pass personal finance.
What is PAY YOURSELF FIRST?
500
The next best alternative given up when a choice is made.
What is OPPORTUNITY COST?
500
The only website for your free credit report that is authorized by Federal law.
What is ANNUALCREDITREPORT.COM
500
This is why 1ยข doubled each day for a month worth more than $1 million today?
What is COMPOUNDING?