You’re buying a house and your monthly payment will be $2,222 on a 30-year mortgage. Your aunt suggests taking out a 15-year loan. What would your payment be?
Will applying for a credit card impact your credit score?
How much life insurance should you have?
Financial gurus recommend an emergency fund equal to three to six months of your salary. Where should you put this money?
As a rule of thumb, how much of your income should you expect to spend on living expenses?
True or False: If you want to buy a home, you need to have a 20 percent down payment.
If you invest $25,000 in a retirement account today, how much could it potentially be worth in 40 years, assuming an 8 percent annual average return?
True or False: If you consistently receive large tax refunds, you should consider adjusting your withholdings from your employer.
In addition to a will, what other documents should be included in your financial plan?
When the market drops, what should you do?
True or False: With a Roth IRA, contributions are made after-tax. With a Traditional IRA, contributions accumulate tax deferred until withdrawal.
Which of the following is true about permanent life insurance policies?
True or False: When you retire, Medicare will cover all of your medical expenses.
How long should you keep documents stating that you have paid off a loan, including student loans, auto loans and mortgages?
5 Reasons Why Black People Are Still Broke
- African Americans made up about 12 percent of the population in the United States in 2015, but 27.5 percent of those living in poverty
- 45.6 percent of black children aged 6 and under live in poverty
- According to The State of Working America, black people spend 4 percent more money annually than any other race