Personal Finance 101

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Across
  1. 1. The cheapest pet to own at $35/year.
  2. 3. Most household debt in the US is spent on ____ (not a surprise, this is the most expensive item in the typical American’s budget)
  3. 6. Consider buying a ____ car when your income is lower and because cars depreciate quickly.
  4. 9. There are a variety of people who can legally check your credit including lenders, insurers, and ____.
  5. 11. As you develop a budget and make spending decisions, it is easier to alter ____ expenses to shift money where you need it.
  6. 12. As a savvy consumer, a person should include planning to set goals, create a budget, save for emergencies, and anticipate ____.
  7. 14. About 50% of jobs require ____ work experience.
  8. 15. Fewer than 20% of young people (21-24) have a ____ degree. (15.4% of men & 20.6% of women)
  9. 18. To earn 1 ____ dollars, it takes a person with a bachelor’s degree 15.4 years, but it takes a person with less than a high school diploma 32.4 years.
  10. 20. To ____ comfortably in Pennsylvania, you need to save $857,000 (by save, that means you’d have to invest and earn this amount).
  11. 23. The term for a person that falls under this Unacceptable Employee Behavior… a master procrastinator who can come up with plenty of excuses as to why a task or project hasn’t been started.
  12. 26. Lower income earners ____ more than middle and higher income earners about things such as paying their bills, amount of debt, and losing their job.
  13. 28. This major has about 76% of employers looking to hire, yet a relatively small % of seniors are in the major.
  14. 29. Just because you can get credit doesn’t mean you should ____ it.
  15. 32. FICO is a well recognized credit score. This credit bureau creates a credit score by tracking your borrowing and repayment behavior.
  16. 33. Based on the Projected Rate of Employment Growth (2016–26), ____ Support has the highest percentage of growth at 23.6%.
  17. 37. People who are smart have common habits. One good habit is to tell a ____ about your goals. 76% (the highest percentage) of people who did this accomplished their goal.
  18. 38. One of the factors of creditworthiness includes your ____ to pay (i.e. Do you keep a steady job?)
  19. 39. This city is ranked #1 for the best cities for jobs in 2018 by Glassdoor.
  20. 41. Owning a car involves many expenses. One item is about 10% of all expenses for a car owner (over 5 years of owning a car). For an 18-year-old on their own, the national average is over $5,000 a year.
  21. 42. Over 40% of work is performed at this pace.
  22. 43. Nearly 80% of all jobs are acquired through ____.
  23. 44. ____ and mathematical occupations sit the most at work (compared to other occupations).
Down
  1. 2. On-time payments and credit used are two factors evaluated to calculate your credit ____.
  2. 4. #6 on the blank check
  3. 5. A business career with higher pay and higher growth rates expected.
  4. 7. While money is a motivator to many employees, ____ from a manager is the highest rated motivator at 67%.
  5. 8. Once you’ve found a house you like, you begin a lengthy 1-2 month+ long paperwork process, which involves financial ____checks, job/income data, property inspection, and more.
  6. 10. ____ Choices (including phone, pets, hobbies, shopping, & more) are the last things you should buy in your budget, making up no more than 30% of income.
  7. 12. Compared to savings accounts and bonds, this investment tool earns you the largest return on investment.
  8. 13. You have to work over 100 hours in a month just to pay a mortgage in this city.
  9. 16. Based on the 50/20/30 Rule, ____ expenses such as housing, transportation, and utilities should make up no more than 50% of your income.
  10. 17. A 401(k) is a retirement tool offered by some ____.
  11. 19. You should create one of these to compare income versus expenses.
  12. 21. The wage gap (the money a woman makes for every $1 a man makes) is smallest for people in their ____ (an age-range).
  13. 22. On the chart with salaries ranging from $0 to over $200,000 on the horizontal axis, the career on the chart that has the highest earnings (including 10th to 90th percentiles) is ____.
  14. 24. A person with a credit score over 800 would receive a ____ APR for their auto loan.
  15. 25. College seniors feel good about their ____, despite the mismatch between college seniors’ majors versus what employers are seeking. Regardless, more than 90% of seniors feel good about their interview skills.
  16. 27. The ____ of saving is more important than the amounts.
  17. 30. ____ history makes up 35% of your credit score (the largest portion).
  18. 31. The return on a college degree has more to do with your ____ than where you go to school.
  19. 34. Of the majors that are switched out the most, the major Earth and ____ Science ranks in the top 5 for men and women.
  20. 35. The higher the price ____ number for a given state, the more residents will pay for items such as housing, food, and transportation. (PA is in the midrange)
  21. 36. If you are looking to retire young, you should learn this acronym that means, “to live below what you could theoretically afford, so that you can maximize retirement savings and exit the workforce as soon as possible.”
  22. 40. Perhaps the greatest employee motivator involves cultivating this sense.
  23. 42. You should always pay more than the ____ payment on your credit card.