Financial Literacy Jeopardy

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Financial Literacy Jeopardy. Budgeting and Payday. Financial Responsibility. Banking and Investing. Financing and Credit. Identity Protection. $100. $100. $100. $100. $100. $200. $200. $200. $200. $200. $300. $300. $300. $300. $300. $400. $400. $400. $400. $400. $500. - PowerPoint PPT Presentation

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©2010 Destina Games, Inc. www.destinagames.com

Financial Literacy Jeopardy

$200

$300

$400

$500

$100

$200

$300

$400

$500

$100

$200

$300

$400

$500

$100

$200

$300

$400

$500

$100

$200

$300

$400

$500

Bankingand Investing

Budgetingand Payday

Financingand Credit

Identity Protection

Financial Responsibilit

y

$100

Final Jeopardy

©2010 Destina Games, Inc. www.destinagames.comReveal Question

Banking and Investing for $100

A document that provides details of your bank withdrawals and deposit.

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Banking and Investing for $100

What is a Bank Statement?

©2010 Destina Games, Inc. www.destinagames.comReveal Question

Banking and Investing for $200

Compound interest pays interest on _________and ____________.

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Banking and Investing for $200

What are principal and interest?

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Banking and Investing for $300

Commonly referred to as an IRA.

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Banking and Investing for $300

What is a retirement savings plan?

©2010 Destina Games, Inc. www.destinagames.comReveal Question

Banking and Investing for $400

The FDIC increased the insurance on bank deposits to $_______________; providing security to the consumer against loss in theft or a fire.

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Banking and Investing for $400

What is $250,000?

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Banking and Investing for $500

These are the penalties if you cash in your 401(k) and you are younger than 55 years old.

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Banking and Investing for $500

What are taxes on the withdrawal and a 10% early-withdrawal penalty?

©2010 Destina Games, Inc. www.destinagames.comReveal Question

Budgeting and Payday for $100

The term used to describe total pay minus deductions.

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Budgeting and Payday for $100

What is Net Pay?

©2010 Destina Games, Inc. www.destinagames.comReveal Question

Budgeting and Payday for $200

Name two of the deductions taken out of your paycheck.

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Budgeting and Payday for $200

What are: – Social Security tax(FICA), – State tax, – Federal tax, – Medicare, – Retirement Savings?

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Budgeting and Payday for $300

Wanting to purchase something but deciding to wait.

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Budgeting and Payday for $300

What is delayed gratification?

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Budgeting and Payday for $400

To maintain control of your budget, you would do this.

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Budgeting and Payday for $400

What is decrease spending?

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Budgeting and Payday for $500

A budgeting strategy that means always saving part of the money you get.

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Budgeting and Payday for $500

What is “Pay yourself first”?

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Financing and Credit for $100

Property to secure a loan is called this.

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Financing and Credit for $100

What is collateral?

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Financing and Credit for $200

The time period that lets you avoid finance charges by paying your balance in full.

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Financing and Credit for $200

What is a grace period?

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Financing and Credit for $300

Your credit history shows whether you pay your bill on time and this.

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Financing and Credit for $300

How many credit cards you have?

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Financing and Credit for $400

If someone uses your credit card without your permission, you are responsible for this much per card.

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Financing and Credit for $400

What is $50?

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Financing and Credit for $500

Lenders commonly review this to evaluate your debt load.

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Financing and Credit for $500

What is your debt-to-income ratio?

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Daily Double!

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Daily Double for Bonus $$

On average, this many Americans are victims of identity theft each year.

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Daily Double for Bonus $$

What is 15 million?

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Identity Protection for $200

Two types of identity fraud other than credit card fraud.

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Identity Protection for $200

What are: – bank fraud, – name identity fraud, – tax refund fraud, – mail fraud, – computer fraud, – medical identity fraud

©2010 Destina Games, Inc. www.destinagames.comReveal Question

Identity Protection for $300

A warning placed on your credit reports that tells creditors to follow certain procedures before making changes to your accounts or opening new ones.

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Identity Protection for $300

What is a fraud alert?

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Identity Protection for $400

The practice of pretending to represent a financial institution or company requesting personal information via email.

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Identity Protection for $400

What is Phishing?

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Identity Protection for $500

Software that can be installed on your computer without your consent to obtain personal information that can lead to identity theft.

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Identity Protection for $500

What is Spyware?

©2010 Destina Games, Inc. www.destinagames.comReveal Question

Financial Responsibility for $100

The biggest impact on your credit score.

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Financial Responsibility for $100

What is paying your bills on time?

©2010 Destina Games, Inc. www.destinagames.comReveal Question

Financial Responsibility for $200

Saving with this will give you the freedom to be self-reliant and secure later in life.

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Financial Responsibility for $200

What is an IRA?

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Financial Responsibility for $300

This type of debt has higher interest rates and can change suddenly, especially after late payments.

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Financial Responsibility for $300

What is credit card debt?

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Financial Responsibility for $400

Financial freedom is directly tied to one’s level of this.

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Financial Responsibility for $400

What is debt?

©2010 Destina Games, Inc. www.destinagames.comReveal Question

Financial Responsibility for $500

Parents can teach their children money management by giving them their allowance using this so they can track spending.

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Financial Responsibility for $500

What is a prepaid spending card?

©2010 Destina Games, Inc. www.destinagames.comReveal Question

Final Jeopardy

Money management teaches us to buy the things we need before we buy the things we want. True or False?

©2010 Destina Games, Inc. www.destinagames.comEnd Game

Final Jeopardy

True!

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