Banking
What is making a DEPOSIT?
Adding money to your bank or financial institution account.
This is the average length of time for negative marks stay on credit reports
7 Years
Define fixed vs. variable expenses
Fixed Expenses - amount stays the same
Variable Expenses - differ month to month
What is delayed gratification?
The ability to resist the temptation of an immediate reward and instead wait for a greater reward in the future
This multi-talented performer, born in Hayward CA, was the highest paid actor in 2024.
Dwayne "The Rock" Johnson
Earning an estimated $88 Million in 2024, according to Forbes
What is the difference between a debit card and a credit card?
A debit card is linked to your existing funds, while a credit card is like a loan you need to repay.
Name one of the 3 major credit bureaus
Experian, Equifax, TransUnion
What is GROSS income?
Earning before deductions
What is an investment?
An asset that you expect will increase in value over time.
ex. - Real Estate
- Stocks
- Bonds
- Commodities
This biographical musical composed by Lin-Manuel Miranda in 2015, which blends hip-hop, R&B, and traditional Broadway styles has won numerous awards, including 11 Tony Awards, a Pulitzer Prize, and a Grammy.
Hamilton: An American Musical
What is a predatory lender?
Companies that offer loans with high interest rates and hidden fees
What is considered an exceptional credit score? *hint - range*
800-850
What is NET income?
Take home pay, earning after deductions and taxes have been taken out.
What risk level is a STOCK?
High Risk
This popular Christmas song first released in 1994 earns around $2.5 million in royalties annually.
All I want for Christmas is You
by Mariah Carey
What are 2 key differences between a bank and a credit union?
- For profit vs non profit
- Stock holder owned vs member owned
- One has lower fees overall
- Credit Unions will pay a higher savings interest rate.
What positively affects your credit score?
Making payments on time
True or False: You should base your budget off your net income
TRUE
Name a factor that impacts stock prices?
- Company Earnings
- Industry Trends
- Economic Conditions
- Investor Feelings
This sequel was the highest grossing movie of 2024
Inside Out 2
What happens to your money if a bank or credit union gets robbed or goes out of business?
The FDIC or NCUA will cover each depositor up to $250,000.
Why is it important to have good credit score? *name all 3 reasons*
-Useful in times of emergencies
-May affect your ability to obtain a job
-Can affect your ability to rent or a buy a home
Name 2 possible payroll deductions on a paystub.
- Medicare
- Social Security
- Federal Income Tax
- State Income Tax
- Retirement Account Contribution (401k)
- Union Dues
When investing you can reduce your risk by not putting all your eggs in one basket.
Diversification
Spreading your investments across different asset classes.
Name the wealthiest music artist in the world
Jay-Z
(estimated net worth of $3.71 billion, as of May 2025)