socialsecuritya system wheremoney fromcurrent workerspays the benefitsfor those who areeligible.NetWorthAssets- Debt=grosspaywhat youearn beforetaxes anddeductionsopportunitycostthe conceptof 'moneyspent herecan't bespent there'Needsclothing,shelter, food,&transportationare allstudentloana form ofstudent aidthat must bepaid backinsurancetransfersfinancialriskFAFSAMust befilled out toget accessto federalstudent aiddebtborrowingmoney with theintent to pay itback, typicallywith interest, ata later dateliquidityhow quicklyan asset canbe convertedto cashBudgeta writtenplan forwhere youwill spendyour moneybonda debtinstrument,issued by agovernment orcompany toraise moneyDiversificationWhen yourinvestmentsare spreadout tominimize riskcreditcarda card that isusing borrowedmoney that hasto be paid back,typically withinterest.FICAtaxsocialsecurityandMedicare1040formthis form isused to fileyour taxeseach year.effectiveratethe amountof federalincome taxyou actuallypaycreditscorea number usedto measure therisk of you notpaying yourdebtvariableexpense an expensethat changeseach monthco-signersomeone whosigns on a loanwith you and takeson the risk ofrepayment if youdon't pay it backcoinsurancewhen you areresponsiblefor paying a% of yourmedical billsIRAA type ofretirementplan that youset upyourselfEOBdocument sent byyour insurancecompany explainingwhat was paid andwhat you may owe.debitcarda card thatpulls moneydirectly fromyour checkingaccountW-2form that showshow much youmade and whathas been paid intaxes alreadytermthe timelimit of aloanCompoundInterestinterestoninterestasseta resource ofvalue thatcan beturned intocashpayyourselffirsta savingsconcept whereyou put moneyin savingsbefore anythingelse is paid.socialsecuritya system wheremoney fromcurrent workerspays the benefitsfor those who areeligible.NetWorthAssets- Debt=grosspaywhat youearn beforetaxes anddeductionsopportunitycostthe conceptof 'moneyspent herecan't bespent there'Needsclothing,shelter, food,&transportationare allstudentloana form ofstudent aidthat must bepaid backinsurancetransfersfinancialriskFAFSAMust befilled out toget accessto federalstudent aiddebtborrowingmoney with theintent to pay itback, typicallywith interest, ata later dateliquidityhow quicklyan asset canbe convertedto cashBudgeta writtenplan forwhere youwill spendyour moneybonda debtinstrument,issued by agovernment orcompany toraise moneyDiversificationWhen yourinvestmentsare spreadout tominimize riskcreditcarda card that isusing borrowedmoney that hasto be paid back,typically withinterest.FICAtaxsocialsecurityandMedicare1040formthis form isused to fileyour taxeseach year.effectiveratethe amountof federalincome taxyou actuallypaycreditscorea number usedto measure therisk of you notpaying yourdebtvariableexpense an expensethat changeseach monthco-signersomeone whosigns on a loanwith you and takeson the risk ofrepayment if youdon't pay it backcoinsurancewhen you areresponsiblefor paying a% of yourmedical billsIRAA type ofretirementplan that youset upyourselfEOBdocument sent byyour insurancecompany explainingwhat was paid andwhat you may owe.debitcarda card thatpulls moneydirectly fromyour checkingaccountW-2form that showshow much youmade and whathas been paid intaxes alreadytermthe timelimit of aloanCompoundInterestinterestoninterestasseta resource ofvalue thatcan beturned intocashpayyourselffirsta savingsconcept whereyou put moneyin savingsbefore anythingelse is paid.

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