SPEND MONAAY JEOPARDY

Credit

100

The act / principle of owing money

Debt

200

A numerical expression based on a level analysis of a person's credit files (economic good boy points)

Credit Score

300

How do I keep my credit score low? (4 acceptable answers)

1. Build long-term credit history.
2. Pay every bill on time.
3. Keep your balances to a minimum.
4. Limit your applications for new credit.

400

This allows you to restrict access to your credit report.

Credit Freeze

500

How to check your credit score?

Request a free annual report from a credit agency

Living Expenses

100

What are considered Basic Living Expenses? (4 answers)

Housing, food, transportation, health care.

200

Most expensive state to live in the U.S. _{(hint: it's not CA)}

Hawaii

300

Avg. Annual Living expenses for 1 person in the U.S.

$38,000

400

The most expensive country to live in (per month) is?

Monaco - $3743/mo _{(U.S. is $1951)}

500

The least expensive country to live in (per month) is?

Afghanistan - $354/mo

Taxes

100

What is the IRS?

The revenue service for the United States federal government, which is responsible for collecting taxes

200

What are the 3 main taxes?

Taxes on income, taxes on property, and taxes on goods and services.

300

Why do taxes increase yearly?

Inflation

400

What is EITC?

Earned Income Tax Credit. _{(helps low to moderate income workers and families get a tax break.)}

500

My annual income would have to be what for me to be taxed 35%

$200k-$500k

Budget

100

Benefits of a budget

1.Keep track of your spending 

2. Save more money 

3. Assists you in making better financial decisions

4. Preparing for emergencies

5. Getting out of debt

6. Long term goals

200

What profession/career focuses on budgeting?

Accountant

300

According to NPR, what percent of Americans budget their money?

80%

400

How much is the U.S. over-budget?

$284 Billion

500

What is the 50/30/20 rule?

The basic rule is to divide up after-tax income and allocate it to spend: 50% on needs, 30% on wants, and socking away 20% to savings.

Celebrity/Athlete Spending

100

Jeff Bezos net worth is valued at what number?

$130 Billion

200

How much money did an anonymous Malaysian businessman spend on the world's most expensive yacht?

$5 billion

300

What is Dwayne 'The Rock' Johnson worth as of Dec 2021?

$350 million

400

WR Tyreek Hill, recently traded to the Miami Dolphins, has been given a $_____ 4-year contract.

$120 million

500

Mark Cuban purchased the Dallas Mavericks in 2000 for what sum of money?

$280 Million (he is now valued $1 billion+)