Personal Finance

When financial planning, what should you determine first?

• earnings total

• needs & goals

• type of home you want

• save money

When developing a savings plan, what should you remember?

• wait until I'm older

• pay myself first

• pay off debt first

• invest in high risk

A typical overdraft fee is how much?

• $5

• $25

• $40

• $60

If you DO NOT pay your credit card bill on time, what will happen?

• nothing will happen

• card will be cancelled

• jail time

• late fee

___________________ is when money is taken out of an account.

• debit

• credit

• interest

• deposit

_______________________ is the fee paid on a loan when borrowing money.

• credit

• debit

• interest

• charges

_____________________ is money that is borrowed.

• balance

• debit

• credit

• interest

Which account type allows you to earn interest?

• checking account

• credit card

• mortgage

• certificate of deposit

Which account type lets you spend your money easier?

• savings account

• checking account

• certificate of deposit

• mortgage

Which is NOT a good reason to have a credit card?

• Credit scores help you get loans

• Most people need credit

• Credit cards offer bonus rewards

• Credit is bad for you