Self Reflection
Skill, interest, or value? Video Games
What is an interest?
A careful plan on how to spend and save your money.
What is a budget?
A card that pays directly from your checking account
What is a debit card?
This score tells how good you are at managing your debt (the higher, the better)
What is your credit score?
Word that describes amount of financial or physical harm.
What is risk?
Skill, interest, or value? Drawing
What is a skill?
The amount of money you earn BEFORE taxes.
What is gross income?
A card that is a loan, which you need to repay with interest.
What is a credit card?
Time and good spending habits
How to raise your credit score?
A contract that helps protect against financial damage or financial loss.
What is insurance?
Skill, interest, or value? Friendship
What is a value?
The amount of money you earn AFTER taxes.
What is net income?
The ability to buy something now but have to pay for it later.
credit
The biggest category of your credit score at 35%.
What is your payment history?
The three types of insurance to protect people.
What are health, dental, and life?
Skills, interest, or value: Singing
What is a skill?
The amount spent, usually monthly, to make purchases or pay bills.
What are expenses?
The charge for a loan that is not paid off; how the banks make money.
What is interest?
True or false: It does not affect your credit score if you sometimes miss payments.
What is false?
Three types of insurance to protect your belongings.
What is home, phone, and car insurance?
Skill, interest, or value? Honesty
The next best alternative given up when you make a choice.
What is an opportunity cost?
This tells the amount of interest you need to pay on a credit card; the lower the better!
What is APR (or annual percentage rate)?
True or false: It is important to keep your credit low and your payments on time.
What is true?
True or false: You should budget for at least some insurance.
What is true?