Day 1: Financial Literacy

How many times per year can you request a free credit report?

• 4
• 3
• 2
• 1

How many credit reporting agencies are there?

• 1
• 2
• 3
• 4

The name of one of the three credit reporting agencies is:

• Extra
• Experian
• Existential
• Existence

When paying for a purchase using a pin number and the amount is immediately deducted from your account, which is used?

• Diner's Club Card
• Credit Card
• Debit Card
• Driver's Liscense

What is the best credit score possible?

• 850
• 800
• 750
• 590

Your emergency savings fund should have how many months worth of income?

• 1-2 months
• 10 months
• It doesn't matter
• 3-6 months

What percentage of monthly income is recommended for spending on housing/ rent?

• 10%
• 25%
• 30%
• 50%

Tags

CCSS.6.RP.A.3C

If expenses were to exceed income on a spending plan, what would be a financially smart solution?

• Earn less income
• Decrease expenses
• Increase savings
• Use a credit card more often

What are your liabilities?

• things you own
• money you have in the bank
• money you owe others
• the excuses you have for not meeting your budget

Earnings before deductions are 

• Net pay
• Gross pay
• Take home pay
• Revenue