Finance #1
What is an estimate of income and expenditure for a set period of time?
Budget
What is the regular payment to a landlord for the use of property or land?
Rent
What happens when you choose to stop making car payments?
Repossession
What is one tool used to keep yourself organized?
Calendar, Planner, etc.
What should you use while driving in a heavy rainstorm or while pulled off on the side of the road at night to help other drivers see you better?
Hazard Lights
What is the bank account called that sees regular withdraws for expenses?
Checking Account
What is a printed statement of charges owed for goods or services supplied?
Bill
What is the form on which a taxpayer makes a statement of income to the IRS?
Tax Return
Name one essential house utility.
Water, Gas, Electricity, Internet, Cable, Phone, etc.
What should be changed in a car every 3,000-5,000 miles?
Oil
What does IRA stand for?
Individual Retirement Account
What is the electronic transfer of a paycheck from an employer to the employee's bank accound?
Direct Deposit
What is the person called who guarantees payment if the signer of a credit card or loan application is unable to repay the loan?
Cosigner
Name one type of insurance.
Medical, Car, House, etc.
What equipment do you use if the lights on your car drain your battery?
Jumper Cables
What is the highest credit score a person can have?
850
What is money paid regularly at a particular rate for the use of money lent?
Interest
What does MSRP stand for?
Manufacturer's Suggested Retail Price
What is the payment that guarantees compensation for specific loss, damage, or illness?
Insurance
What book has the depreciated value of vehicles?
Kelley Blue Book
Name one of the three major credit bureaus.
Experian, Equifax, and Transunion
What is the form that an employer must send to an employee and the IRS at the end of each year?
W2
What does APR stand for?
Annual Percentage Rate
What do you need to check if the electricity is only our in part of the house?
Breaker Box or Fuse
What is the first step in changing a tire?
Loosen the lug nuts.