studentloana form ofstudent aidthat must bepaid backdebtborrowingmoney with theintent to pay itback, typicallywith interest, ata later dateasseta resource ofvalue thatcan beturned intocashpayyourselffirsta savingsconcept whereyou put moneyin savingsbefore anythingelse is paid.CompoundInterestinterestoninterestEOBdocument sent byyour insurancecompany explainingwhat was paid andwhat you may owe.bonda debtinstrument,issued by agovernment orcompany toraise moneyIRAA type ofretirementplan that youset upyourselfNetWorthAssets- Debt=creditscorea number usedto measure therisk of you notpaying yourdebtNeedsclothing,shelter, food,&transportationare allgrosspaywhat youearn beforetaxes anddeductionsBudgeta writtenplan forwhere youwill spendyour moneyeffectiveratethe amountof federalincome taxyou actuallypaydebitcarda card thatpulls moneydirectly fromyour checkingaccountsocialsecuritya system wheremoney fromcurrent workerspays the benefitsfor those who areeligible.liquidityhow quicklyan asset canbe convertedto cashcreditcarda card that isusing borrowedmoney that hasto be paid back,typically withinterest.termthe timelimit of aloanFAFSAMust befilled out toget accessto federalstudent aid1040formthis form isused to fileyour taxeseach year.co-signersomeone whosigns on a loanwith you and takeson the risk ofrepayment if youdon't pay it backvariableexpense an expensethat changeseach monthopportunitycostthe conceptof 'moneyspent herecan't bespent there'insurancetransfersfinancialriskDiversificationWhen yourinvestmentsare spreadout tominimize riskFICAtaxsocialsecurityandMedicarecoinsurancewhen you areresponsiblefor paying a% of yourmedical billsW-2form that showshow much youmade and whathas been paid intaxes alreadystudentloana form ofstudent aidthat must bepaid backdebtborrowingmoney with theintent to pay itback, typicallywith interest, ata later dateasseta resource ofvalue thatcan beturned intocashpayyourselffirsta savingsconcept whereyou put moneyin savingsbefore anythingelse is paid.CompoundInterestinterestoninterestEOBdocument sent byyour insurancecompany explainingwhat was paid andwhat you may owe.bonda debtinstrument,issued by agovernment orcompany toraise moneyIRAA type ofretirementplan that youset upyourselfNetWorthAssets- Debt=creditscorea number usedto measure therisk of you notpaying yourdebtNeedsclothing,shelter, food,&transportationare allgrosspaywhat youearn beforetaxes anddeductionsBudgeta writtenplan forwhere youwill spendyour moneyeffectiveratethe amountof federalincome taxyou actuallypaydebitcarda card thatpulls moneydirectly fromyour checkingaccountsocialsecuritya system wheremoney fromcurrent workerspays the benefitsfor those who areeligible.liquidityhow quicklyan asset canbe convertedto cashcreditcarda card that isusing borrowedmoney that hasto be paid back,typically withinterest.termthe timelimit of aloanFAFSAMust befilled out toget accessto federalstudent aid1040formthis form isused to fileyour taxeseach year.co-signersomeone whosigns on a loanwith you and takeson the risk ofrepayment if youdon't pay it backvariableexpense an expensethat changeseach monthopportunitycostthe conceptof 'moneyspent herecan't bespent there'insurancetransfersfinancialriskDiversificationWhen yourinvestmentsare spreadout tominimize riskFICAtaxsocialsecurityandMedicarecoinsurancewhen you areresponsiblefor paying a% of yourmedical billsW-2form that showshow much youmade and whathas been paid intaxes already

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