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How much money should you have saved in your emergency savings?
3 to 6
Flexible spending limits
premium
A loan backed by collateral such as a car or house
10% or 20%
A form of borrowing money with interest
miss a payment on a loan
$1,000
What is a characteristic of revolving credit?
3 to 6
Flexible spending limits
premium
A loan backed by collateral such as a car or house
10% or 20%
A form of borrowing money with interest
miss a payment on a loan
$1,000
How many months of expenses should you have saved?
3 to 6
Flexible spending limits
premium
A loan backed by collateral such as a car or house
10% or 20%
A form of borrowing money with interest
miss a payment on a loan
$1,000
What percentage of your paycheck should you put into your savings account?
3 to 6
Flexible spending limits
premium
A loan backed by collateral such as a car or house
10% or 20%
A form of borrowing money with interest
miss a payment on a loan
$1,000
The largest portion of your credit score reflects your payment history, so what is one of the worst things you could do to negatively affect it?
3 to 6
Flexible spending limits
premium
A loan backed by collateral such as a car or house
10% or 20%
A form of borrowing money with interest
miss a payment on a loan
$1,000
The amount you pay on insurance is called?
3 to 6
Flexible spending limits
premium
A loan backed by collateral such as a car or house
10% or 20%
A form of borrowing money with interest
miss a payment on a loan
$1,000
What is the definition of a credit card?
3 to 6
Flexible spending limits
premium
A loan backed by collateral such as a car or house
10% or 20%
A form of borrowing money with interest
miss a payment on a loan
$1,000
Which statement best describes a secured loan?
3 to 6
Flexible spending limits
premium
A loan backed by collateral such as a car or house
10% or 20%
A form of borrowing money with interest
miss a payment on a loan
$1,000
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