GEAR UP
March 2017
! e r u t u F r e t h g i r B a for
Take this brief quiz to see how well you understand a few of the basics. 1. Being on a budget means:
March 3 ACT registration deadline for April 8th ACT test March 17 Leadership day at USU Eastern March 24 Weber State University Campus Visit* April 11 USU Eastern Career Day April 13 USU Logan Campus Visit* *For all GEAR UP trips, RSVP is required due to limited space in vehicles. See your GEAR UP advisor for additional information or visit our website at http://usueastern.edu/ price/gearup
a. You pay bills every month at the due date b. You made a plan of your expenses to be less than or equal to your income c. You are earning enough money to be able to live well d. Your bills are generally paid by every due date 2. How often can you get a free credit report? a. Once a year b. Once every 6 months c. Once every 2 years d. You can’t get a free credit report 3. What is considered an excellent credit score? a. 700 to 850 b. 500 to 560 c. 561 to 600 d. 1000 to 1500 4. What is not a method to improve your credit score? a. Pay all your bills on time b. Maintain your older credit cards c. Keep your credit card balances under 30% of your credit limit d. Always pay in cash and do not get any credit cards 5. Your credit score is important because:
GEAR UP is always accepting new participants. To enroll, contact the GEAR UP advisor at your school or through any of our social media sites (see page 4).
a. It can affect your interest rate if you finance a car or home b. It can have an impact on whether you can finance major purchases c. It can determine whether you can get credit cards d. All of the above
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GAINING EARLY AWARENESS AND READINESS FOR UNDERGRADUATE PROGRAMS
Test Your Knowledge of Financial Basics