1. Budget Simulation : Finance Refresher

2. Credit Card 101

3. #1 Summary of account activity
A summary of the transactions
on your account
Shows you:
____________
Available ________ =
_________- _______ __________
Last day of the _______ period
________ or ______ after this day will show up on your next bill

4. #2 Payment Information Your ______ new balance
The __________ payment amount
the ________ amount you should pay
Date ____________ is _______
A payment generally is considered on _____ if received by __ p.m. on the day it is _____.

5. #3 Late Payment Warning
States any additional _____ & _______ _________ rate that may be _______ if your payment is_________.

6. #4 Minimum Payment Warning
An estimate of how long it
can take to pay off your ______
card balance if you make only the ________ payment each month & an estimate of how much you likely will pay with interest to pay off your bill in ______ years without any ___________ charges.

7. #5 Notice of changes to interest rate
If you trigger the __________ rate your credit card company may notify you that your _______ will be __________. The company must tell you at least ___ days before your rates change.

8. #6 Other changes to your account terms
If your credit card company is going to _____ interest _____, _____ or make other significant changes to your account, it must _____ you at least ___ day before the changes take effect.

9. #7 Transactions
A list of all __________ that have occurred since your last statement
___________

10. #8 Fees & Interest Charges
Fees & ________ charges must be listed ________ on your monthly bill. Interest charges must be listed by type of _____________.

11. #9 Year-to-Date Totals
The total that you have paid in _______ and ______________ charges for the current year.

12. #10 Interest Charge Calculation
_________ of interest rates on different types of transactions, _____________ ___________, the amount of _________, and the interest charges for each type of transaction.

13. What’s in a [pay] stub?

14. Section 1: Employer Information
This section contains your
______________________.

15. Section 2: Employee Information
This section contains information about you.
It includes:
Your _______
Your ___________ ___________

16. Section 3: Employee’s Job Information
This section contains information about your current job.
It Includes:
Dep’t paying your ______
Pay ______ for which you are receiving payment
The pay _______
Your Employee __ #
Your Job _____
Your _______ ______#

17. Section 4: Employee Tax Data
This section details your current tax filing _____ for both _________ taxes & ______ taxes.
It Includes:
The ______ status you claimed on your W-_
The number of __________ you have claimed

18. Section 5: Employee Hours & Earnings
This is a description of what you are being paid for, your pay ____ for the ______ pay period, and the amount you are receiving in ___________. If you are being paid hourly, the amount of _______ for which you are receiving pay is also listed in this section.
There are 2 columns in this section: one for the ________period and one for the ___________.

19. Section 6: Employee Deductions
This section describes each __________ that is withheld from your gross pay. There is a column for current pay period and year to date.
These Include:
These CAN Include:
______ Income Tax
______ _______Tax
________ Tax
_______ Taxes
_________________
____________________
_______________

20. Statements & Bills

21. What is an invoice?
A list of ______ sent or ___________ provided, with a _________ of the _____ due for these; also known as a ____.

22. Invoice/Bill Details Includes information such as:
_________ account number
___________ number
___________ Date
Date the bill was processed
Statement ______
The period covered by the bill
Bill _____ Date

23. Credits & Adjustments Credits & Adjustments are noted on each ____
They are often $0
Credits ________ your account balance

24. (Current Charges) - (Credits/Adjustments) = Total Amount Due
How much do I owe?
Your bill (or ________) will show current charges
Credits/Adjustments will be _______ from current charges
(Current Charges) - (Credits/Adjustments) = Total Amount Due