Renting
It is common to pay a fee to have a pet in your apartment. True or False?
True
Name something a bank can do that does not have to do with money.
Offers notaries, ID verification, and safety deposit boxes
Where people that are hiring can meet people looking for jobs, all in one place.
Job Fair
What day is tax day?
April 15
You can choose to have ___________ insurance, but you may have a higher deductible.
cheaper; you can pay more for insurance and get a cheaper deductible so do you want to feel safer if something happens or take your chances and pay less up front?
You make an agreement with an apartment owner. This written contract is called a ___?
Doing a hard inquiry credit check can lower your credit score.
True.
Everytime you apply for a credit card, loan, mortgage etc. it will drop your credit score by a few points. It will recover within months but can still affect your interest and potentials. Soft Inquires like checking your credit report or for a job do not count.
The test period where a worker must show they can do the job, or they could be fired.
Probationary Period
What is the very last day employers/banks etc. have to postmark tax documents to you from the previous year so that you can complete your taxes by tax day?
The amount of money you must pay out of pocket for covered services or claims BEFORE your insurance company starts to pay.
Deductible
The average temp the furnace should be set at
68
You take out a $500 loan and have to pay back $550. What is the extra money you have to pay back called?
Interest
Federal law requires health insurance providing employers to provide health insurance to employees working at least THIS MANY HOURS A WEEK, although they may be required to pay higher prices than full- time employees.
30
The document that you receive from any and all employers you worked for that previous year that shows how much you earned and how much you paid in taxes.
W-2
If you have health insurance coverage through your employer, that means your employer covers the full cost of your healthcare. True or False?
False
The apartment says that utilities aren't included in the rent. Name 4 utilities.
Power, water, gas, or sewage.
You should spend no more than this percentage of your income on housing.
30%
(If you make $2000/month, your rent should be no more than $600/month -remember rentals are $1000 on average right now!)
What type of person should be considered as your references when submitting for a job?
People who can professionally vouch for your work habits, skills, and character like teachers, former supervisors, co-workers, clients or customers, or volunteer coordinators. You should have 3-5 available and if they can write a letter of reference for you, even better! Some prefer to include references separate from resume and some prefer to wait until the job requests them but always have someone ready in advance before you are asked!
In terms of insurance, explain why it matters that you visit the appropriate place for healthcare when needed, i.e. Doctor's Appt vs Urgent Care vs Emergency Room.
If you have decent health insurance, it will generally cover a doctors visit in full or cost $10-$30. Urgent care may be about the same or a little more. Emergency room visits can be $150-$500.
What is the score called that determines your interest rate on loans or can even determine whether or not a renter will accept your application for rental.
Credit Score
Three things that can happen if you break your contract with your rental
Lose your deposit
Lawsuit
Ruin Credit
Liable to pay back all months
How often should you check your credit report? Double points if you can say why.
Annually at minimum but 1x a month is optimal. You should check it for errors that need corrected, to know what it looks like for any upcoming inquiries, or to detect identity fraud.
How many days notice should you put in if you plan to leave your job?
Two weeks
Some companies allow you to pay just a part of your credit card bill each month. What is this called and why is this a trap?
Minimum payment; You will continue to be charged interest for what you don't pay off and you could end up paying more in interest in the long run vs what you borrowed and struggle to get back out of debt.
What is a mortgage?
A loan for real estate property where the house itself acts as collateral for the loan.