J Mac

Question 0

What are some some the different benefits you need to consider when taking a job other than salary?

Answer 0

Health insurance, vacation

Question 1

A job is ___

And a career is___

Answer 1

Short term

Long term

Question 2

What’s the average cost of raising a child to 18?

Answer 2

165,000$

Question 3

What’s the difference between a need and a want

Answer 3

You don’t need a want

Question 4

Steps or goals to pay off things

Answer 4

Financial plan

Question 5

How long is a short term goal

Answer 5

Less than 3 months

Question 6

How long is an intermediate goal?

Answer 6

3 months to a year

Question 7

How long is a long term goal

Answer 7

More than a year

Question 8

What does the term cash flow refer to?

Answer 8

Movement of money

Question 9

What is a budget or spending plan?

Answer 9

A spending plan for managing money

Question 10

What are some of the common deductions the come out of people’s paychecks?

Answer 10

Federal taxes

Question 11

Difference between gross income and net pay?

Answer 11

Gross pay is before deductions

Net is after

Question 12

Difference between fixed expenses and variable expenses?

Answer 12

Fixed-same everytime

Question 13

What is inflation?

Answer 13

Substantial rise in the general level of prices

Question 14

What is time value of money?

Answer 14

The idea that a dollar today is worth more in the future

Question 15

Interest paid on both the principle and on arrived interest

Answer 15

Compound interest

Question 16

Simplified way to determine how long an investment will take to double

Answer 16

Rule of 72

Question 17

The place where stocks are bought and sold

Answer 17

Stock market

Question 18

The portion of the profits paid to the share holder of the company

Answer 18

Dividend

Question 19

Difference between buying price and selling price of a stock.

Answer 19

Capital gain

Question 20

Investment that makes the investor a part of a company

Answer 20

Stock

Question 21

The spread of investments over difference investing

Answer 21

Diversification

Question 22

First three steps of reaching financial peace according to Dave Ramsey?

Answer 22

Emergency fund
Payoff debt
3-6 month saving

Question 23

Amount of money, something of value, that is loaned on trust, and is expected to be repaid

Answer 23

Credit

Question 24

What the 4 c's of credit?

Answer 24

Collateral Capital Capacity Character

Question 25

What is APR?

Answer 25

Annual percentage rate

Question 26

Amount a credit card company can charge for using a credit card

Answer 26

Annual fee

Question 27

Three main credit reporting agencies in the us?

Answer 27

Equifax Experion Transunion

Question 28

Process of getting out of debt

Answer 28

Bankruptcy

Question 29

When you Payoff the least expensive amount of debt first until you get to the most expensive is called?

Answer 29

Debt snowball

Question 30

What does ARM stand for in relating to mortgages?

Answer 30

Adjustable rate mortgages

Question 31

Insurance company with "Mayhem"

Answer 31

All-State

Question 32

Insurance helps to limit this so you are not stuck with tremendous out of pocket expenses

Answer 32

Risk

Question 33

Auto insurance that covers your car and the other person in an accident

Answer 33

Collision or full coverage

Question 34

Dave suggests that you have how many times your income in life insurance covers?

Answer 34

10 times as much

Question 35

The amount you pay for an insurance policy

Answer 35

Premium

Question 36

Like a good neighbor "____ ____" is there.

Answer 36

State Farm!

Question 37

The out of pocket expense you must pay before an insurance company kicks in its coverage is called what?

Answer 37

Deductable

Question 38

This is the minimum amount of coverage a driver must have in the state of TN to drive a car.

Answer 38

Liability

Question 39

What insurance has a gecko

Answer 39

Geico

Question 40

A means of guaranteeing your financial protection against various accidents

Answer 40

Insurance

Question 41

Covers restoration and monitoring services

Answer 41

Identity theft protection

Question 42

Cover the contents of an appartment

Answer 42

Renters insurance

Question 43

Designed to replace income lost if you cannot perform your job

Answer 43

Disability insurance

Question 44

Designed to replace income lost due to death.

Answer 44

Life

Question 45

Covers assisted living,in-home or nursing home care

Answer 45

Long term care

Question 46

A bad side effect to free downloads to send you pop up ads and redirect your computer to unwanted sites is called..

Answer 46

Spyware

Question 47

Allows employers to deposit your paycheck directly into your bank account

Answer 47

Direct deposit

Question 48

A for profit company owned by its investors in its stock

Answer 48

Bank

Question 49

Financial institution owned by their customers that are also called members

Answer 49

Credit union

Question 50

Fastest growing white collar crime in North America

Answer 50

Identity theft

Question 51

Caveat emptor

Answer 51

Buyer beware

Question 52

Wait how long before making a major purchases

Answer 52

Overnight

Question 53

Borrowing money and paying overtime

Answer 53

Loan

Question 54

Amount of money that cause some pain

Answer 54

Emergency fund

Answer 55

✊

Question 56

True or false | Haters gonna hate

Answer 56

Truly

Question 57

Which teacher has the most swag

Answer 57

Mrs walker

Question 58

Mark is gay

Answer 58

True