Which credit card user will pay the MOST in interest charges if each charged $1000?

Paula, who pays the minimum amount each month.

Being on a spending plan means:

You make a plan where costs are less than/equal to income.

What are ways to reduce your loan reliance:

all are ways to reduce your loan reliance

Your credit score is important because:

All of the answers are correct.

How much money should be in an emergency fund?

3-6 months' worth of living expenses

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Financial Literacy, New Student Seminar

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Are you financially savvy?

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Questions 12

Answers

1
Where is the UW Credit Union located on campus?
Hyer Hall
Hyland Hall
University Center
Williams Center
2
Which credit card user will pay the MOST in interest charges if each charged $1000?
Barb, who usually pays in full, but not always.
Elle, who always pays in full each month.
Paula, who pays the minimum amount each month.
Nancy, who pays minimum each month and sometimes more.
3
Which factor affects your FICO credit score the most?
Payment history
Types of credit used
Amounts owed
Length of credit history
4
How often can you get a free credit report?
Every 6 months
Once each year
Once every 2 years
You can't get a free credit report
5
Being on a spending plan means:
You pay bills every month at the due date.
You make a plan where costs are less than/equal to income.
Your bills are generally paid by every due date.
You are earning enough money to be able to live well.
6
What free services does the Financial Literacy Center offer to UW-Whitewater students?
All of the services listed
Online learning opportunities
One-on-one financial coaching
Financial wellness events
7
Who do you contact when you cannot pay your student loans after graduation?
your boss
your loan servicer
your parents
UWW Financial Aid Office
8
What does it mean to not live like a student?
Starbucks
spring break get away
maxing out your loans
all of the above
9
What are ways to reduce your loan reliance:
utilitze work study
scholarships
utilize a spending plan
all are ways to reduce your loan reliance
10
Your credit score is important because:
It can have an impact on whether you can lease an apartment.
It can determine whether you can get a credit card.
It can affect your interest rate if you finance a car/home.
All of the answers are correct.
11
BONUS: How many ATMs are on the UW-Whitewater campus?
6
2
8
4
12
How much money should be in an emergency fund?
3-6 months' worth of living expenses
one year worth of living expenses
2 months' worth of living expenses
$1000

Financial Literacy, New Student Seminar Flashcards | StudBud