1040formthis form isused to fileyour taxeseach year.socialsecuritya system wheremoney fromcurrent workerspays the benefitsfor those who areeligible.termthe timelimit of aloanFAFSAMust befilled out toget accessto federalstudent aidvariableexpense an expensethat changeseach montheffectiveratethe amountof federalincome taxyou actuallypaycreditcarda card that isusing borrowedmoney that hasto be paid back,typically withinterest.grosspaywhat youearn beforetaxes anddeductionsEOBdocument sent byyour insurancecompany explainingwhat was paid andwhat you may owe.opportunitycostthe conceptof 'moneyspent herecan't bespent there'studentloana form ofstudent aidthat must bepaid backasseta resource ofvalue thatcan beturned intocashBudgeta writtenplan forwhere youwill spendyour moneyco-signersomeone whosigns on a loanwith you and takeson the risk ofrepayment if youdon't pay it backFICAtaxsocialsecurityandMedicareW-2form that showshow much youmade and whathas been paid intaxes alreadyDiversificationWhen yourinvestmentsare spreadout tominimize riskcoinsurancewhen you areresponsiblefor paying a% of yourmedical billsNetWorthAssets- Debt=Needsclothing,shelter, food,&transportationare allcreditscorea number usedto measure therisk of you notpaying yourdebtbonda debtinstrument,issued by agovernment orcompany toraise moneyIRAA type ofretirementplan that youset upyourselfdebitcarda card thatpulls moneydirectly fromyour checkingaccountliquidityhow quicklyan asset canbe convertedto cashinsurancetransfersfinancialriskdebtborrowingmoney with theintent to pay itback, typicallywith interest, ata later datepayyourselffirsta savingsconcept whereyou put moneyin savingsbefore anythingelse is paid.CompoundInterestinterestoninterest1040formthis form isused to fileyour taxeseach year.socialsecuritya system wheremoney fromcurrent workerspays the benefitsfor those who areeligible.termthe timelimit of aloanFAFSAMust befilled out toget accessto federalstudent aidvariableexpense an expensethat changeseach montheffectiveratethe amountof federalincome taxyou actuallypaycreditcarda card that isusing borrowedmoney that hasto be paid back,typically withinterest.grosspaywhat youearn beforetaxes anddeductionsEOBdocument sent byyour insurancecompany explainingwhat was paid andwhat you may owe.opportunitycostthe conceptof 'moneyspent herecan't bespent there'studentloana form ofstudent aidthat must bepaid backasseta resource ofvalue thatcan beturned intocashBudgeta writtenplan forwhere youwill spendyour moneyco-signersomeone whosigns on a loanwith you and takeson the risk ofrepayment if youdon't pay it backFICAtaxsocialsecurityandMedicareW-2form that showshow much youmade and whathas been paid intaxes alreadyDiversificationWhen yourinvestmentsare spreadout tominimize riskcoinsurancewhen you areresponsiblefor paying a% of yourmedical billsNetWorthAssets- Debt=Needsclothing,shelter, food,&transportationare allcreditscorea number usedto measure therisk of you notpaying yourdebtbonda debtinstrument,issued by agovernment orcompany toraise moneyIRAA type ofretirementplan that youset upyourselfdebitcarda card thatpulls moneydirectly fromyour checkingaccountliquidityhow quicklyan asset canbe convertedto cashinsurancetransfersfinancialriskdebtborrowingmoney with theintent to pay itback, typicallywith interest, ata later datepayyourselffirsta savingsconcept whereyou put moneyin savingsbefore anythingelse is paid.CompoundInterestinterestoninterest

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