Unpaid bills, the amount of credit owing, going over your credit limit and how long you've had credit all contribute to your overall credit score.

Your credit report typically looks at your bill payment history, how much you've borrowed and the length of your credit history.

It's all of the above. Your credit history, how much you're applying to borrow and your plan to pay it back all contribute to the amount of interest you'll pay on a loan.

Inflation is the rise in the cost of goods and services, and interest is money earned. If the inflation rate exceeds the interest rate on an account, then the money has less buying power, therefore being able to buy less in the future than today.

Your net worth is the difference between total assets and total liabilities. Assets are things of value you own, while liabilities are debts you owe. 

Preferably, you’ll want your net worth to be positive, meaning you own more than you owe and have developed some wealth. If you have a negative net worth this means that you owe more than you own. 

 Having a larger down payment at time of purchase means you will be borrowing less money. Therefore, you’ll pay less overall interest over the life of your mortgage (all other factors staying the same).  

 False. Fixed expenses are expenses that are relatively consistent month-to-month. Rent/mortgage payments and student loan payments are examples. Going to the movies each month would be a variable expense, as it can change from month to month and, in this case, is usually discretionary.