FICAtaxsocialsecurityandMedicaregrosspaywhat youearn beforetaxes anddeductionssocialsecuritya system wheremoney fromcurrent workerspays the benefitsfor those who areeligible.coinsurancewhen you areresponsiblefor paying a% of yourmedical billspayyourselffirsta savingsconcept whereyou put moneyin savingsbefore anythingelse is paid.asseta resource ofvalue thatcan beturned intocashNeedsclothing,shelter, food,&transportationare allNetWorthAssets- Debt=opportunitycostthe conceptof 'moneyspent herecan't bespent there'FAFSAMust befilled out toget accessto federalstudent aidEOBdocument sent byyour insurancecompany explainingwhat was paid andwhat you may owe.effectiveratethe amountof federalincome taxyou actuallypayliquidityhow quicklyan asset canbe convertedto cashbonda debtinstrument,issued by agovernment orcompany toraise moneydebitcarda card thatpulls moneydirectly fromyour checkingaccountcreditcarda card that isusing borrowedmoney that hasto be paid back,typically withinterest.Budgeta writtenplan forwhere youwill spendyour moneystudentloana form ofstudent aidthat must bepaid backDiversificationWhen yourinvestmentsare spreadout tominimize riskinsurancetransfersfinancialriskIRAA type ofretirementplan that youset upyourselfvariableexpense an expensethat changeseach monthCompoundInterestinterestoninterest1040formthis form isused to fileyour taxeseach year.termthe timelimit of aloancreditscorea number usedto measure therisk of you notpaying yourdebtW-2form that showshow much youmade and whathas been paid intaxes alreadydebtborrowingmoney with theintent to pay itback, typicallywith interest, ata later dateco-signersomeone whosigns on a loanwith you and takeson the risk ofrepayment if youdon't pay it backFICAtaxsocialsecurityandMedicaregrosspaywhat youearn beforetaxes anddeductionssocialsecuritya system wheremoney fromcurrent workerspays the benefitsfor those who areeligible.coinsurancewhen you areresponsiblefor paying a% of yourmedical billspayyourselffirsta savingsconcept whereyou put moneyin savingsbefore anythingelse is paid.asseta resource ofvalue thatcan beturned intocashNeedsclothing,shelter, food,&transportationare allNetWorthAssets- Debt=opportunitycostthe conceptof 'moneyspent herecan't bespent there'FAFSAMust befilled out toget accessto federalstudent aidEOBdocument sent byyour insurancecompany explainingwhat was paid andwhat you may owe.effectiveratethe amountof federalincome taxyou actuallypayliquidityhow quicklyan asset canbe convertedto cashbonda debtinstrument,issued by agovernment orcompany toraise moneydebitcarda card thatpulls moneydirectly fromyour checkingaccountcreditcarda card that isusing borrowedmoney that hasto be paid back,typically withinterest.Budgeta writtenplan forwhere youwill spendyour moneystudentloana form ofstudent aidthat must bepaid backDiversificationWhen yourinvestmentsare spreadout tominimize riskinsurancetransfersfinancialriskIRAA type ofretirementplan that youset upyourselfvariableexpense an expensethat changeseach monthCompoundInterestinterestoninterest1040formthis form isused to fileyour taxeseach year.termthe timelimit of aloancreditscorea number usedto measure therisk of you notpaying yourdebtW-2form that showshow much youmade and whathas been paid intaxes alreadydebtborrowingmoney with theintent to pay itback, typicallywith interest, ata later dateco-signersomeone whosigns on a loanwith you and takeson the risk ofrepayment if youdon't pay it back

Personal Finance Exam Review - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


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  1. social security and Medicare
    FICA tax
  2. what you earn before taxes and deductions
    gross pay
  3. a system where money from current workers pays the benefits for those who are eligible.
    social security
  4. when you are responsible for paying a % of your medical bills
    coinsurance
  5. a savings concept where you put money in savings before anything else is paid.
    pay yourself first
  6. a resource of value that can be turned into cash
    asset
  7. clothing, shelter, food, & transportation are all
    Needs
  8. Assets - Debt =
    Net Worth
  9. the concept of 'money spent here can't be spent there'
    opportunity cost
  10. Must be filled out to get access to federal student aid
    FAFSA
  11. document sent by your insurance company explaining what was paid and what you may owe.
    EOB
  12. the amount of federal income tax you actually pay
    effective rate
  13. how quickly an asset can be converted to cash
    liquidity
  14. a debt instrument, issued by a government or company to raise money
    bond
  15. a card that pulls money directly from your checking account
    debit card
  16. a card that is using borrowed money that has to be paid back, typically with interest.
    credit card
  17. a written plan for where you will spend your money
    Budget
  18. a form of student aid that must be paid back
    student loan
  19. When your investments are spread out to minimize risk
    Diversification
  20. transfers financial risk
    insurance
  21. A type of retirement plan that you set up yourself
    IRA
  22. an expense that changes each month
    variable expense
  23. interest on interest
    Compound Interest
  24. this form is used to file your taxes each year.
    1040 form
  25. the time limit of a loan
    term
  26. a number used to measure the risk of you not paying your debt
    credit score
  27. form that shows how much you made and what has been paid in taxes already
    W-2
  28. borrowing money with the intent to pay it back, typically with interest, at a later date
    debt
  29. someone who signs on a loan with you and takes on the risk of repayment if you don't pay it back
    co-signer