Personal Finance 101

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Across
  1. 2. Over a one month period, investors have a 39% chance of ____. This drops to 0.1% across 20 years, demonstrating that the longer you invest, the better your chance to gain.
  2. 7. The term for a person that falls under 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.
  3. 9. There are a variety of people who can legally check your credit including lenders, insurers, and ____.
  4. 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.
  5. 14. Fewer than 20% of young people (21-24) have a ____ degree. (15.4% of men & 20.6% of women)
  6. 15. Nearly 80% of all jobs are acquired through ____.
  7. 17. As you develop a budget and make spending decisions, it is easier to alter ____ expenses to shift money where you need it.
  8. 18. You should always pay more than the ____ payment on your credit card.
  9. 20. 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.
  10. 23. Based on the Projected Rate of Employment Growth (2016–26), ____ Support has the highest percentage of growth at 23.6%.
  11. 25. FICO is a well-recognized credit score. This credit bureau creates a credit score by tracking your borrowing and repayment behavior.
  12. 27. Based on the 50/20/30 Rule, ____ expenses such as housing, transportation, and utilities should make up no more than 50% of your income.
  13. 30. If you save/invest $360 per month at age 20 (earning a 6% ____ rate), you will have $1 million at retirement (Notice how much this jumps the longer you wait to start).
  14. 31. You should create one of these to compare income versus expenses.
  15. 32. The cheapest pet to own at $35/year.
  16. 33. Consider buying a ____ car when your income is lower and because cars depreciate quickly.
  17. 36. A person with a credit score over 800 would receive a ____ APR for their auto loan.
  18. 38. The perception of 1,000 adults is that 19% of US households earn more than $500,000 a year. However, the actual percentage that earns $500,000 a year is ____%.
  19. 39. One of the factors of creditworthiness includes your ____ to pay (i.e. Do you keep a steady job?)
  20. 40. 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. 41. The return on a college degree has more to do with your ____ than where you go to school.
  22. 42. 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.
  23. 44. ____ history makes up 35% of your credit score (the largest portion).
  24. 46. About 50% of jobs require ____ work experience.
  25. 47. 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.”
  26. 48. 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.
  27. 49. Lower-income earners ____ more than middle and higher-income earners about things such as paying their bills, amount of debt, and losing their job.
  28. 50. ____ and mathematical occupations sit the most at work (compared to other occupations).
Down
  1. 1. Most household debt in the US is spent on ____ (not a surprise, this is the most expensive item in the typical American’s budget)
  2. 3. Compared to savings accounts and bonds, this investment tool earns you the largest return on investment.
  3. 4. Of the majors that are switched out the most, the major Earth and ____ Science ranks in the top 5 for men and women.
  4. 5. On-time payments and credit used are two factors evaluated to calculate your credit ____.
  5. 6. ____ enrollment of recent high school graduates aged 16-24 years old is down to 61.8% in 2021, which hasn’t been this low since 2001.
  6. 8. The ____ of saving is more important than the amounts.
  7. 11. The wage gap (the money a woman makes for every $1 a man makes) is smallest for people in their ____ (an age-range).
  8. 12. As a savvy consumer, a person should include planning to set goals, create a budget, save for emergencies, and anticipate ____.
  9. 13. 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. 16. To ____ comfortably in Pennsylvania by the age of 64 (the average age), you need to save $857,000 (by save, that means you’d have to invest and earn this amount).
  11. 19. Over 40% of work is performed at this pace.
  12. 21. This city is ranked #1 for the best cities for jobs in 2018 by Glassdoor.
  13. 22. Just because you can get credit doesn’t mean you should ____ it.
  14. 24. A 401(k) is a retirement tool offered by some ____.
  15. 26. 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.
  16. 28. You start with no credit score. After ____ months of on-time payments, your credit score will be 500.
  17. 29. While money is a motivator to many employees, ____ from a manager is the highest rated motivator at 67%.
  18. 34. 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 ____.
  19. 35. #6 on the blank check
  20. 37. You have to work over 100 hours in a month just to pay a mortgage in this city.
  21. 41. In which Midwest city does $1 million last the longest in retirement (over 45 years)?
  22. 43. York $1 million will only buy a person 358 square feet of space in this US city (combine the two words… don’t include the space).
  23. 45. This major has about 76% of employers looking to hire, yet a relatively small % of seniors are in the major.
  24. 46. Perhaps the greatest employee motivator involves cultivating this sense.