Personal Finance Review

Front

You need a checking account to open a savings account.

Back

False

Front

How does the 50-20-30 rule distribute your income?

Back

50% expenses, 20% saving, 30% flexible spending

Front

How much should you save in an emergency fund? Options: 1-3 months of living expenses, 3-6 months of living expenses, 6-9 months of living expenses, 9-12 months of living expenses

Back

3-6 months of living expenses

Front

Which card takes the money out of your account immediately?

Back

Debit

Front

Which financial institutions charge the most for interest by providing quick cash options?

Back

Pay Day Loan Companies

Front

If a consumer is a victim of identity theft, what should they do?

Back

Call all major credit bureaus to request a fraud alert to be put on file.

Front

When starting a job, what form/s will you need to fill out? Options: W-2, W-2 and I-9, W-4 and I-9, W-4 and W-2

Back

W-4 and I-9

Front

Who pays interest on a loan?

Back

The borrower

Front

Who pays interest on a savings account?

Back

The bank

Front

Bad credit can affect your ability to: Rent an apartment, Get a loan, Get a job, All of the above

Back

All of the above