Budget & Money
What is the difference between a need and a want?
A need is something essential for living (rent, food); a want is something extra (eating out, new shoes).
Should you wash whites with dark clothes? Why (not)?
No, to prevent dye transfer.
What kitchen item measures temperature for meat?
A food thermometer.
What is a security deposit?
Money paid upfront that may be returned if no damage occurs.
You lose your debit card. What should you do first?
Freeze or report it immediately.
What is a credit score?
A number that represents your creditworthiness based on borrowing history.
What does “air dry” mean?
Let clothes dry naturally instead of using a dryer.
How can you tell chicken is fully cooked?
It reaches 165°F and is no longer pink inside.
Who do you contact if something breaks in your dorm/place?
The landlord or maintenance. UMBC Fixit ticket or call maintenance facilities!
The power goes out. What should you check first?
The breaker or if it’s building-wide. UMBC you wait and it should be up very soon!
What is an emergency fund?
Money saved for unexpected expenses like medical bills or car repairs.
How often should you wash your sheets?
About once every 1–2 weeks.
Name two pantry staples every college student should have.
Rice, pasta, canned beans, spices, oil, etc.
What is renters insurance?
Insurance that protects your belongings.
Your roommate hasn’t paid their share of rent or did something you didn't like. What should you do?
Communicate calmly and document the agreement. UMBC refer to roommate agreement and talk to RA if needed
If you spend more than you earn each month, what happens?
You go into debt or lose savings (if you have).
What should you do before washing new colored clothes?
Check the label and wash separately the first time.
What is the difference between “best by” and “expiration date”?
Best by = quality; expiration = safety.
Why should you read a lease carefully?
It explains your responsibilities and costs.
A small kitchen fire starts. What should you NOT use?
Water (especially for grease fires).
What is interest on a credit card?
The extra money charged for borrowing if you don’t pay your full balance.
What happens if you overload the washing machine?
Clothes don’t clean properly and the machine can be damaged.
Why should you not leave food out for more than 2 hours?
Why should you not leave food out for more than 2 hours?
Name at least 2 hidden costs of living off-campus.
Utilities, internet, furniture, parking, etc.
You can’t afford your bills this month. What is the best first step?
Communicate early and create a payment plan or adjust budget.