Financial Literacy Flashcards

1

What is a key benefit of having a good credit score?

2

Property taxes collected by local governments are used to fund...

3

Which fee is incurred when you spend more money than what you have in your account?

4

Which category does the 50-20-30 Rule NOT divide your budget into?

5

A 401(k) is an employer sponsored retirement savings plan.

6

Which repayment plan involves fixed monthly payments over a 10-year period?

7

What are some common tools or methods mentioned for budgeting?

8

What does financial literacy encompass?

9

What is a crucial piece of advice for managing student loans responsibly?

10

Bonds are debt securities where you lend money to an issuer in exchange for periodic interest payments.

Financial Literacy