military money millionaire ppt game
DESCRIPTION
This is a PPT-based game created to be used with military personal finance managers to teach financial concepts.TRANSCRIPT
Military
Money
PowerPoint
Game
Question 1 for $100
Which factor affects a service member’s FICO credit score the most? Which factor affects a service member’s FICO credit score the most?
A. Payment HistoryA. Payment History
D. Applications for new creditD. Applications for new creditC. Length of Credit HistoryC. Length of Credit History
B. Credit Utilization RatioB. Credit Utilization Ratio
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Question 2 for $200
At what age can service members start making catch-up contributions to the Thrift Savings Plan (TSP)? At what age can service members start making catch-up contributions to the Thrift Savings Plan (TSP)?
A. 65A. 65 B. 60B. 60
C. 55C. 55 D. 50D. 50
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Question 3 for $300
What is the name of the detailed pay statement that service members receive?What is the name of the detailed pay statement that service members receive?
A. BAH A. BAH
D. PIDD. PIDC. TSPC. TSP
B. LESB. LES
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Question 4 for $500The maximum amount that a service member age 50+ can contribute to their TSP retirement plan in 2014 is the lesser of 100% of earned income or
The maximum amount that a service member age 50+ can contribute to their TSP retirement plan in 2014 is the lesser of 100% of earned income or
A. $18,000A. $18,000
D. $32,000D. $32,000C. $23,000C. $23,000
B. $21,000B. $21,000
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Question 5 for $1,000
Where is the best place for a service member to go to obtain a free credit report?Where is the best place for a service member to go to obtain a free credit report?
A. Local public library A. Local public library
D. Military base credit unionD. Military base credit unionC. www.freeannualcreditreport.comC. www.freeannualcreditreport.com
B. www.anualcreditreport.comB. www.anualcreditreport.com
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Question 6 for $2,000
What two allowances do service members receive in addition to base pay?What two allowances do service members receive in addition to base pay?
A. BAH and BASA. BAH and BAS
D. FSA and TSPD. FSA and TSPC. LES and TSPC. LES and TSP
B. FSA and LESB. FSA and LES
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Question 7 for $4,000The acronym for the law that caps the rate of interest that can be charged on service members’ pre-enlistment loans is
The acronym for the law that caps the rate of interest that can be charged on service members’ pre-enlistment loans is
A. QDROA. QDRO
C. SCRAC. SCRA D. VGLID. VGLI
B. SGLIB. SGLI
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Question 8 for $8,000
What program provides eligible survivors of military retirees with a monthly lifetime payment?What program provides eligible survivors of military retirees with a monthly lifetime payment?
A. Survivor Benefit Plan A. Survivor Benefit Plan
D. Qualified Spousal Pension Plan D. Qualified Spousal Pension Plan C. TSP Survivor Insurance PlanC. TSP Survivor Insurance Plan
B. Military OneSource Survivor PlanB. Military OneSource Survivor Plan
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Question 9 for $16,000
What is the maximum interest rate that creditors can charge under the SCRA for debt that was incurred before active duty status?What is the maximum interest rate that creditors can charge under the SCRA for debt that was incurred before active duty status?
A. 4%A. 4%
D. 10%D. 10%C. 8%C. 8%
B. 6%B. 6%
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Question 10 for $32,000
The number of available Thrift Savings Plan (TSP) lifecycle (L) funds isThe number of available Thrift Savings Plan (TSP) lifecycle (L) funds is
A. 2A. 2
D. 5D. 5C. 4C. 4
B. 3B. 3
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Question 11 for $64,000
The length of time that SGLI coverage is in effect after a service member leaves active duty status isThe length of time that SGLI coverage is in effect after a service member leaves active duty status is
A. 60 daysA. 60 days
D. 180 daysD. 180 daysC. 120 daysC. 120 days
B. 90 daysB. 90 days
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Question 12 for $125,000
Which program offers comprehensive financial counseling services to service members at no cost?Which program offers comprehensive financial counseling services to service members at no cost?
A. USAAA. USAA
D. Thrift Savings Plan (TSP) D. Thrift Savings Plan (TSP) C. Military OneSourceC. Military OneSource
B. AFCPE Military Spouse FellowshipB. AFCPE Military Spouse Fellowship
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Question 13 for $250,000
Which TSP investment fund follows the Standard & Poor’s (S&P) 500 index for U.S. large company stocks?Which TSP investment fund follows the Standard & Poor’s (S&P) 500 index for U.S. large company stocks?
A. B FundA. B Fund
D. S Fund D. S Fund C. G Fund C. G Fund
B. C FundB. C Fund
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Question 14 for $500,000
What is the maximum annual percentage rate (APR) limit allowed for predatory loans made to service members?What is the maximum annual percentage rate (APR) limit allowed for predatory loans made to service members?
A. 30%A. 30%
D. 42%D. 42%C. 39%C. 39%
B. 36%B. 36%
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Question 15 for $1 Million
What percentage of a VA disability must a former service member have in order to have dental care covered by the VA (assuming a dental injury is not part of the disability rating)?
What percentage of a VA disability must a former service member have in order to have dental care covered by the VA (assuming a dental injury is not part of the disability rating)?
A. 100%A. 100%
D. 25%D. 25%C. 50%C. 50%
B. 75% B. 75%
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Ask the Audience
Raise your hand for the letter of your choice when your teacher asks you to.
Would you like to try for ?$200$200
$100$100$100$100
Congratulations!Congratulations!
You have wonYou have won
Would you like to try for ?$300$300
$200$200$200$200
Congratulations!Congratulations!
You have wonYou have won
Would you like to try for ?$500$500
$300$300$300$300
Congratulations!Congratulations!
You have wonYou have won
Would you like to try for ?$1,000$1,000
$500$500$500$500
Congratulations!Congratulations!
You have wonYou have won
Would you like to try for ?$2,000$2,000
You are guaranteed $1000!
You are guaranteed $1000!
You are guaranteed $1000!
You are guaranteed $1000!
Congratulations!Congratulations!
You have wonYou have won
Would you like to try for ?$4,000$4,000
$2000$2000$2000$2000
Congratulations!Congratulations!
You have wonYou have won
Would you like to try for ?$8,000$8,000
$4000$4000$4000$4000
Congratulations!Congratulations!
You have wonYou have won
Would you like to try for ?$16,000$16,000
$8000$8000$8000$8000
Congratulations!Congratulations!
You have wonYou have won
Would you like to try for ?$32,000$32,000
$16000$16000$16000$16000
Congratulations!Congratulations!
You have wonYou have won
Would you like to try for ?$64,000$64,000
You are guaranteed $32,000!
You are guaranteed $32,000!
You are guaranteed $32,000!
You are guaranteed $32,000!
Congratulations!Congratulations!
You have wonYou have won
Would you like to try for ?$125,000$125,000
$64,000$64,000$64,000$64,000
Congratulations!Congratulations!
You have wonYou have won
Would you like to try for ?$250,000$250,000
$125,000$125,000$125,000$125,000
Congratulations!Congratulations!
You have wonYou have won
Would you like to try for ?$500,000$500,000
$250,000$250,000$250,000$250,000
Congratulations!Congratulations!
You have wonYou have won
Would you like to try for ?$1 Million$1 Million
$500,000$500,000$500,000$500,000
Congratulations!Congratulations!
You have wonYou have won
$1,000,000$1,000,000 $1,000,000$1,000,000
Congratulations!Congratulations!
You have wonYou have won
Phone a Friend!
Which student in class
would you like to ask for help?
I’m Sorry!
That is not the correct answer!