Credit Cards/Credit scores
Name three advantages of using a credit card.
Cash back rewards, security, build credit etc...
(answers may vary)
What is a debit card?
A card that takes money directly out of your account?
What happens if you have pets and the apartment/ housing does not accept pets?
You could get kicked out and lose any security deposits or anything they may have to give back to you. They could also require you to pay more in damages if they found the pet to be the cause (new carpets, chewing on things etc)
What is one way you could have your identity stolen?
Shop on an insecure site, lose your credit card, have your information sold by a 3rd party etc.
What is one ingredient people often mistake as a dry ingredient that is normally considered a wet ingredient when baking cookies?
Sugar
How old do you have to be to get a credit card?
18 years old
How does compound interest effect retirement goals
Start as early as possibly so your money has time to gain interest!
What is a Security Deposit?
What should you do if your identity is stolen?
Show me with your hand the proper way to hold a knife as well as a proper "Bear Claw"
Pinch the blade wrap fingers around the handle. Bear claw is curving all fingers inward so they don't get cut under the knife blade.
What is the largest factor that determines your credit score?
Payment history (35%)
What is a reasonable yearly return on stock market investments?
8 to 11%
What percentage of your take home pay should be used for living expenses?
30%.
Is it possible to completely protect yourself from identity theft?
No.
what is french fry cut called.
Julienne
What should you consider when getting a credit card?
Fees + Interest Rates
Do debit cards help you build credit?
No
What things should you consider before getting a roommate?
If they can pay rent, are they compatible with your living arrangements, are they dependable, will they eat all of your food?
What steps can you take to protect yourself from identity theft?
Keep your cards secure, shop only on secure sites, use a virtual card instead of the actual card number.
Flour, salt, and baking soda
What is the lowest and highest credit score possible.
300-850
What is an average interest rate for a credit card?
19 to 24%
3 months of expenses
What is an ATM?
Automated Teller Machine.
What knife cut is it called when you cut herbs into strips?
Chiffonade