Daily Living Skills
What number should you call in case of an emergency?
911
What are the two different types of accounts people typically have for their money with their bank?
Checkings and savings account
What is the difference between a resume and a cover letter?
A resume lists your skills, experience, and education.
A cover letter explains why you want the job and why you're a good fir.
What is insurance?
A way to protect yourself from paying large amounts of money if something unexpected happens
What appliance is used to keep food cold and prevent it from spoiling?
Fridge
What temperature should you wash dark clothes to prevent fading?
Cold water
What is a fixed expense vs a variable expense?
Fixed = a set expense like rent or loan payment
Variable = an expense that is always changing like groceries
You see a job you want is hiring, how do you apply?
Go in and get an application, drop off your resume, or go to website and apply online.
What type of insurance should you get when you rent an apartment?
Renters insurance
Which to choose: You are at the grocery store, you are buying a product that has two options one is slightly more expensive but bigger and the over is a cheaper verison but a smaller product. Which is the most cost-effective?
The slightly more expensive bigger product.
You just moved into an apartment, what's one utility you should set up right away?
Electricity or Water
True or False
Paying the minimum on a credit card bill means you pay no interest
False - you will still pay interest on the remaining amount
If you don't have work experience what can you list on your resume instead?
School activities, volunteer hours, personal skills, etc.
What is liability insurance?
Insurance that helps pay for damage or injuries you cause to other people or their property
You put a slice of bread in the freezer, you check it after 15 days, what happens to the bread?
It freezes
What should you NEVER pour down the sing drain? (from cooking)
Grease
What is a credit score
Bonus (100): How can you build your credit score
A number that shows how likely you are to repay your borrowed money
Bonus: By borrowing money and paying it back consistently like taking out a loan and making your payments or having a credit card you pay off consistently.
What is the document called that your employer will have you fill out to say how much taxes they should take out?
W-4 form
What is a deductable?
The amount of money you pay out-of-pocket before your insurance starts paying for covered services
What is it called when you make a plan with your money on how much you are going to spend on certain things?
Budget
A grease fire starts on the stove, what should you use to put it out?
Lid or baking soda
What is a 401k?
A retirement savings plan sponsored by an employer that lets employees save pre-tax money for retirement.
What is the difference between gross pay and net pay?
Gross pay = total earnings before taxes
Net pay = total you take home after deductions
What is co-pay?
Fixed amount you pay for a service, like a doctors visit, while insurance pays the rest.
What is the only letter that does no appear in any U.S. state name?
Q