Personal Finance Jeopardy Game Prepared by Celia Hayhoe Credit Taxes Investments Savings Insurance 100 100 100 100 100 100 100 100 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500

The Answer is: A card that allows you to make full or partial payments.

The Question is: What is a credit card?

The Answer is: This tells you the annualized cost of credit.

The Question is: What is annual percentage rate or APR?

The Answer is: You lose this if you do not pay your balance in full each month.

What is the grace period on new purchases? The Question is: What is the grace period on new purchases?

The Answer is: 96 months and $480 interest

The Question is: What is the time it takes to pay off a $500 balance if you make $20 minimum payments on an 18% APR credit card?

The Answer is: The 3 credit bureaus.

The Question is: What are Transunion, Equifax, and Experian?

The Answer is: Federal Income Tax, State and Local Taxes, Social Security, and Medicare

The Question is: What are the taxes that are withheld from your paycheck?

The Answer is: Child Credit and Child Care (Dependant) Credit

The Question is: What are two tax credits available to families with children?

The Answer is: Earned Income Credit and Child Credit

The Question is: Which two credits are refundable even if you owe no federal taxes?

The Answer is: IRA, 401(K), 403(b), 457, SEP, SIMPLE

The Question is: What are tax-deferred savings plans?

The Answer is: You turned down a raise.

The Question is: What happens if you do not participate in your employers retirement plan at least up to the extent of the employer's match ?

The Answer is: A group of individual stocks and bonds

The Question is: What is a portfolio?

The Answer is: A company that allows investors to purchase shares in their portfolio.

The Question is: What is a mutual fund?

The Answer is: A loan you make to a company.

The Question is: What is a bond?

The Answer is: The investment that makes you an owner of the company.

The Question is: What is a stock?

The Answer is: $78.01

The Question is: How much do you have to save each month if you start at age 18 and earn an average of 10% interest per year in order to be a millionaire by the time you are 65?

The Answer is: Certificate of Deposit

The Question is: What is a saving account for a specific period of time?

The Answer is: Two accounts that can be used to keep your emergency funds.

The Question is: What are saving or money market accounts?

The Answer is: The account that pays higher interest rates because it is not FDIC insured.

The Question is: What is a money market mutual fund?

The Answer is: Stocks and mutual funds purchased at a bank.

The Question is: What holdings are not covered by FDIC insurance?

The Answer is: The equivalent of FDIC insurance for credit unions?

The Question is: What is the National Credit Union Share Insurance Fund (NCUSIF)?

The Answer is: Minimum liability insurance.

The Question is: What auto insurance is required by states?

The Answer is: Collision and Comprehensive insurance

The Question is: What pays to fix your car if it hits something and what pays for other damage to your car such as glass breakage?

The Answer is: Pays if your luggage is stolen out of your car.

The Question is: What is your renter’s or homeowner’s policy?

The Answer is: If you live in an apartment, you have to have your own policy.

The Question is: What is renter’s insurance?

The Answer is: For a single individual after auto, renter’s, and health insurance, the insurance they need most.

The Question is: What is disability insurance?