Credit/Debt
This term APR is short for this
What is Annual Percentage Rate?
The % of your income that should you save/pay down debt every month?
What is 20%
This is the single most important weapon a young person has to accumulate wealth
What is compound interest?
This is the date that my annual income tax form is traditionally due to the IRS
What is April 15th?
This is the maximum limit of deposits that are insured by the FDIC at your bank.
What is $250,000?
This is the kind of debt that is used to purchase a home
What is a mortgage?
This is the person you should always pay first.
Who is yourself?
Two types of IRA accounts
What is Roth and Traditional?
When you take a deduction from your paycheck before tax is calculated, it is called this.
What is pre-tax?
Always live ______ your means.
What is below?
The first two things you need to do before you buy a car
What are needs, wants and savings?
The term ETF means this
What is Exchange-Traded Fund
This is the form you receive in the mail at the end of the year which tells you how much salary you've earned and how much taxes you've paid. Use this form to fill in your tax return
This is the highest FICO score
What is 850?
With $1,000 in credit card debt, a 20% interest rate and a minimum payment of 2% of balance, this is how many months it will take to pay off your debt
What is 195 months?
The upper limit of your monthly gross income you should spend on rent
What is 30%
This is a kind of retirement account that your employer usually provides as a benefit of being a full time employee.
What is a 401k?
In addition to your federal income tax form, you must also file this tax form, due at the same time?
What is your state tax return?
This is the age you will have to get off of your parent's health insurance.
What is 26?
If you get an auto loan for $25,000 for a used car at 48 months at 5% interest rate instead of for 60 months at 6%, this is how much interest you will SAVE
What is $1,364 ($3,999 - $2,635)
What is 6-9 months?
Assume no initial investment but a 100 monthly investment at 10% over 30 years (compounding annually), this is the amount of interest I will make
What is $170,284.33
If I claim more exemptions on my tax form for my salary, I will be charged ________ taxes on each paystub. (more or less?)
What is less?
The name of Sara's golden retriever
What is Kaya?