Financial Literacy Jeopardy

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

Financial Literacy Jeopardy

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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.

©2010 Destina Games, Inc. www.destinagames.comGame Board


What is a Bank Statement?



Compound interest pays interest on _________and ____________.



What are principal and interest?



Commonly referred to as an IRA.



What is a retirement savings plan?



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



What is $250,000?



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



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


Budgeting and Payday for $100

The term used to describe total pay minus deductions.



What is Net Pay?



Name two of the deductions taken out of your paycheck.



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



Wanting to purchase something but deciding to wait.



What is delayed gratification?



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



What is decrease spending?



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



What is “Pay yourself first”?


Financing and Credit for $100

Property to secure a loan is called this.



What is collateral?



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



What is a grace period?



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



How many credit cards you have?



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



What is $50?



Lenders commonly review this to evaluate your debt load.



What is your debt-to-income ratio?

©2010 Destina Games, Inc. www.destinagames.comProceed…

Daily Double!


Daily Double for Bonus $$

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


Daily Double for Bonus $$

What is 15 million?


Identity Protection for $200

Two types of identity fraud other than credit card fraud.



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



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



What is a fraud alert?



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



What is Phishing?



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



What is Spyware?


Financial Responsibility for $100

The biggest impact on your credit score.



What is paying your bills on time?



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



What is an IRA?



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



What is credit card debt?



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



What is debt?



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



What is a prepaid spending card?


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!

Documents

Financial Literacy Jeopardy