Gamified Quiz - Late Fee Legend

1/8 Steps

What does APR stand for?

Another Pizza Round

Annual Payment Ratio

Annual Percentage Rate

Always Paying Rent

What’s the main difference between a Roth IRA and a Traditional IRA?

Roth is “millennial money,” Traditional is for boomers

Roth = tax now, Traditional = tax later

One is for people under 30, the other is for people over 30

One taxes now, the other at retirement

What really happens if you only pay the minimum on your credit card?

You’ll drown in interest and stay in debt way longer

“Minimum” means maximum trouble, clearly

The balance lingers like that one friend who never leaves the party

The bank’s cool with it, so why not?

What’s a “Debt Consolidation Loan”?

One loan replaces many debts, often at a lower rate

Just another buzzword banks throw around

Basically a debt block party. Everyone’s invited

It’s combining multiple payments into one

If your credit score drops from 750 to 620, what happens?

Nothing. Credit scores are like horoscopes - pure vibes

Maybe a banker frowns at me behind a spreadsheet.

Higher rates, harder approvals

My loan terms probably get worse

What’s a smart strategy to get out of debt faster?

Pick a plan (Avalanche/Snowball), automate payments, cut spending

Pay a little extra when I “feel like it”

Ignore it. If I don’t look at it, it’s not real

Kill the smallest debt or the one with the highest rate

What does “Tax Relief” usually mean?

They magically stop calling. (dream on)

Someone negotiates or reduces your tax debt

The IRS gives you a fist bump and says “good job”

Legit programs that help you cut, settle, or manage tax debt legally

When buying a car, what does “Pre-Approval” mean?

The dealership thinks I look cool in leather

A lender checks my info and offers loan terms upfront

They’ll probably approve me for a loan

They hand me free car air fresheners