Budgeting
The action of buying an item without planning or consideration.
What is Impulse Purchase
A form of financial aid that does not need to be repaid and is usually awarded based on academic, athletic, or other achievements.
What is a Scholarship?
Something that is NOT a need.
What is Eating Out?
Borrowing money from your family.
What is Not a good way to get out of debt?
A place where not to find a deal.
What is a Mall?
Buying Groceries is called what in budgeting?
What are Variable Expences?
The percent of college students that graduate with student debt.
What is 66%
This is NOT a form of product positioning.
What is Financing?
A long-term rental agreement for a car.
What is a Lease?
To bargain for a lower price.
What is Negotiation?
This is a card that when something is purchased, money comes out of your bank account immediately.
What is a Debit Card?
Finding the most expensive, prestigious college so that you can impress future employers.
What is NOT a wise college plan?
The action of purchasing something and later refunding, returning, or feeling shame for buying the product.
What is Buyer's Remorse?
Individual account info is removed from your credit report 7 years after the last activity, except one which stays on your credit report for 10 years.
What is Chapter 7 Bankruptcy?
A public sale in which property or items of merchandise are sold to the highest bidder.
What is an Auction?
This is one method of banking that is used digitally.
What is Online Banking?
A form that is completed annually by current and prospective college students to determine their eligibility for financial aid.
What is FAFSA?
An economic system based on a free market, profit motive, open competition, and private ownership of the means of production.
What is Capitalism?
A card issued by a bank that allows users to finance a purchase.
What is a Credit Card?
Buying only name-brand products.
What is NOT recommended if you are trying to make your money go?
A cash flow plan that assigns an expense to every dollar of income.
What is a Zero Based Budget?
The average repayment period for a student loan.
What is 10 years?
Refers to the public's ability to recall and recognize a brand by its logo, jingles, and packaging.
What is Brand Recognition?
The cost of borrowing money on an annual basis.
What is Annual Percentage Rate (APR)?
Something that has to do with a person's honesty and moral attributes.
What is Integrity?