Assignment
1. Describe the two methods you can use to pay off credit card debt in detail. How do you know which to select?
2. How do you know if you have too much debt?
3. What is the range for your credit score, and what is the optimum score to have for the best rates?
4. What are the 5 factors that influence your credit score?
5. Describe how the 50/20/30 budget works 50-fixed 20- saving 30-vanable.
6. What are some strategies someone can use if they want to save more money each month?
7. What are the different types of retirement plans and their features?
i. Roth ira-tax in/ no tax out
ii. 401(K) match = free
8. How much should you be saving each month from your paycheck?
9. If someone has $500 min in credit card payments, $2000 apartment rent, $350 car payment, $220 in entertainment, $300 in eating out, $250 in groceries, and $425 in student loan, how much should they save for their emergency fund (min)?
10. What is an example of smart debt and not so smart debt?
11. What are some things you can negotiate for at work other than your salary?
12. What are some of the differences between investing in stocks and mutual funds?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.