FAFSAMust befilled out toget accessto federalstudent aiddebtborrowingmoney with theintent to pay itback, typicallywith interest, ata later dateFICAtaxsocialsecurityandMedicareeffectiveratethe amountof federalincome taxyou actuallypayvariableexpense an expensethat changeseach monthDiversificationWhen yourinvestmentsare spreadout tominimize riskgrosspaywhat youearn beforetaxes anddeductionsCompoundInterestinterestoninterestliquidityhow quicklyan asset canbe convertedto cashBudgeta writtenplan forwhere youwill spendyour moneyNeedsclothing,shelter, food,&transportationare allco-signersomeone whosigns on a loanwith you and takeson the risk ofrepayment if youdon't pay it backdebitcarda card thatpulls moneydirectly fromyour checkingaccount1040formthis form isused to fileyour taxeseach year.asseta resource ofvalue thatcan beturned intocashcreditscorea number usedto measure therisk of you notpaying yourdebtopportunitycostthe conceptof 'moneyspent herecan't bespent there'termthe timelimit of aloanEOBdocument sent byyour insurancecompany explainingwhat was paid andwhat you may owe.payyourselffirsta savingsconcept whereyou put moneyin savingsbefore anythingelse is paid.coinsurancewhen you areresponsiblefor paying a% of yourmedical billsW-2form that showshow much youmade and whathas been paid intaxes alreadyNetWorthAssets- Debt=bonda debtinstrument,issued by agovernment orcompany toraise moneysocialsecuritya system wheremoney fromcurrent workerspays the benefitsfor those who areeligible.studentloana form ofstudent aidthat must bepaid backIRAA type ofretirementplan that youset upyourselfcreditcarda card that isusing borrowedmoney that hasto be paid back,typically withinterest.insurancetransfersfinancialriskFAFSAMust befilled out toget accessto federalstudent aiddebtborrowingmoney with theintent to pay itback, typicallywith interest, ata later dateFICAtaxsocialsecurityandMedicareeffectiveratethe amountof federalincome taxyou actuallypayvariableexpense an expensethat changeseach monthDiversificationWhen yourinvestmentsare spreadout tominimize riskgrosspaywhat youearn beforetaxes anddeductionsCompoundInterestinterestoninterestliquidityhow quicklyan asset canbe convertedto cashBudgeta writtenplan forwhere youwill spendyour moneyNeedsclothing,shelter, food,&transportationare allco-signersomeone whosigns on a loanwith you and takeson the risk ofrepayment if youdon't pay it backdebitcarda card thatpulls moneydirectly fromyour checkingaccount1040formthis form isused to fileyour taxeseach year.asseta resource ofvalue thatcan beturned intocashcreditscorea number usedto measure therisk of you notpaying yourdebtopportunitycostthe conceptof 'moneyspent herecan't bespent there'termthe timelimit of aloanEOBdocument sent byyour insurancecompany explainingwhat was paid andwhat you may owe.payyourselffirsta savingsconcept whereyou put moneyin savingsbefore anythingelse is paid.coinsurancewhen you areresponsiblefor paying a% of yourmedical billsW-2form that showshow much youmade and whathas been paid intaxes alreadyNetWorthAssets- Debt=bonda debtinstrument,issued by agovernment orcompany toraise moneysocialsecuritya system wheremoney fromcurrent workerspays the benefitsfor those who areeligible.studentloana form ofstudent aidthat must bepaid backIRAA type ofretirementplan that youset upyourselfcreditcarda card that isusing borrowedmoney that hasto be paid back,typically withinterest.insurancetransfersfinancialrisk

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