College
Cars
Paychecks and Taxes
Housing
Credit Cards
100
Dorm, Apartment, House, Fraternity/Sorority House
What is a type of housing available on a college campus?
100
Sedan, SUV, Truck, Coupe
What is a type of car for purchase (ex: model type)
100
A Paycheck, Direct Deposit, or Payroll Card are all forms of payment for employees
What is any type of form of payment from an employer?
100
You could either Buy/Rent a house, rent an apartment, duplex, condominium, townhouse,
What is a type of housing available for purchase?
100
A credit card is pre-approved credit, which can be used in the purchase of items now and payment for them later
What is a credit card?
200
It takes an average of 4 years to earn a Bachelors Degree, or 120 credit hours.
What is the years required to earn a Bachelors Degree?
200
Some factors is car shopping are: Safety rating, drive train (4x4,AWD,FWD,RWD), car type, cargo room, towing capacity, fuel efficiency, price,
What is two factors in purchasing a car?
200
The IRS (Internal Revenue Service) is the revenue service of the United States federal government. The agency is a bureau of the Department of the Treasury.The IRS is responsible for collecting taxes and the interpretation and enforcement of the Internal Revenue Code.
What is the company called that collects taxes?
200
-Less expensive in the short term, flexibility is relocation, no maintenance costs, landlord maintains property,
What is an advantage of renting a house over buying?
200
APR (Annual Percentage Rate)
What is the interest rate called when using credit?
300
an Associates Degree can be earned after two years or 60-80 credit hours
What is the degree called that can be acquired after two years of schooling?
300
Some factors are: Age, Gender, Marital Status, Geography, Driving Violations, Vehicle Type, Accident Claims, Credit Rating, Occupation, Education,
What is three factors that contribute to the cost of insurance?
300
31% of income is taken for taxes for the government
What is the percentage taken away from each paycheck in taxes?
300
A mortgage is a type of loan to purchase property, usually a house
What is a Mortgage?
300
1.) Sometimes you must cut back on living expenses 2.) Cannot afford emergencies when in debt 3.) Can be forced to borrow more money when tied up in credit
What is a disadvantage to using Credit?
400
Factors: Institution's prestige, size, location, type of school (2 year-4 year), religious affiliation, admission requirements, specific major, financial aid, cost of tuition, types of housing, facilities, activities, athletics
Name three factors that go into choosing a higher education?
400
Liability Insurance is required by all drivers, covering costs from bodily injury or property damage but does not cover damage to your own car.
What is the type of car insurance required for all drivers?
400
The I-9 eligibility form ensures eligibility and verifies residency and citizenship in the United States. This form is required for all Job Applications.
What is the I-9 Eligibility form used for?
400
Limited Mobility (tough to relocate), risk of foreclosure, annual property taxes, maintenance costs, responsible for maintaining and upkeeping everything
What is a disadvantage to buying a house?
400
1.) Open End Credit (Revolving) 2.) Closed-end Credit
What is one of the two types of credit?
500
The FAFSA Application for Federal Aid
What is the application required to earn government financial aid called?
500
RECALL! many great deals found are on cars that have been recalled by their company for malfunctions that have occurred! Be Smart!
What is a HUGE factor you should look at BEFORE you begin the car buying process? (Hint: Factory)
500
The W-4 is an IRS tax form used by taxpayers and tax-exempt organizations to report financial information.
What is the W-4 form?
500
Buying a house! the initial costs of buying are in fact more expensive, but in the long run buying is better economically.
What is cheaper, buying a house? or Renting a house? (You will live there for 5+ years)
500
1.) Character -History of paying Bills 2.) Capital -How much you're worth 3.) Capacity -ability to repay the loan 4.) Collateral -what you can offer 5.) Conditions -condition of the current economy
What is one of the 5 C's of Credit?
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