Money Money Money
How do interest rates work on loans and credit cards?
Interest rates are determined by your credit score and are compounded monthly when you have credit cards or loans.
What is a legal permancy goal?
Every child should have a safe and stable environment in which to grow up with caring and nurturing adults who will help them move into a successful independent life.
What age can you get your drivers permit?
15-15 1/2 years old
Where can I find job assistance in Larimer County?
Larimer County Workforce
What is a W4 and when do you fill it out?
Tax form you fill out before (4) you start a job. Tells the government how much taxes to take out of your paycheck
How do you get a good credit score and why is it important?
You earn a good credit score by having loans or credit cards and paying them on time (loans) or paying the balance each month (credit cards)
What are three things on a rental agreement?
Name, SSN, job info, present living and how long lived there, criminal history, references, banking information, hoe many people will be living there, do you smoke
How much is a gallon of gas?
$3.17-$3.47
List two forms of health insurance once you are 18 years of age
Stay on your parents if you are still considered a dependent or in school, get insurance through your work, or go on medicaid of you are considered independent.
What is a W2, who gives it to you, and when do you get it?
W2 is a tax form that is sent to you from your employer by Jan 31 and you need it to file your taxes
Name ways you can balance your checking or savings account. How often should you check your balance.
Keep a ledger. Check your online balance. Check every week.
Where can you find services to help pay for utilities?
City government programs, federal programs, the companies can help, and churches
Where do you get your license or state ID? What forms of identification do you need to bring?
Department of motor vehicles and bring proof of identity, two documents of residency, proof of finishing a driver's ed course (recommended but not required)
When are you eligible for Medicaid?
When you are in foster care or over 18 without a way for other insurance
What is an I 99
Reports income from self employed earnings.
What is a Pay Day Loan? What are the advantages or disadvantages?
Advantage is you get quick small cash loan from a 'store' and not a bank. Disadvantage is high interest and you pay the loan and interest with your next paycheck.
What is the penalty for breaking a rental lease?
You lose your security deposit and can be responsible for paying the entire remainder of the lease agreement.
What is the penalty in Colorado for driving without a license or insurance?
Driving without a license is a class 2 misdemeanor and a fine from $150-$300
Driving without insurance is class 1 misdemeanor and $1000 fine
What is TANF and ETV?
Temporary Aid for Needy Families (Food Stamps) and Education and Training Voucher (any fees related to training and education)
Name three employee benefits
Paid sick time, paid vacation time, health insurance, investment options, retirement benefits
What information do you need to set up online banking?
You need your account number, create a password, and can ask someone at the bank to help you.
What is rental insurance for?
It covers your personal property in case of loss due to fire, flood, or other disaster.
What 4 costs of owning a vehicle?
Cost of buying or a car loan, registration, insurance, gas, repairs
Name two benefits can you get through your job?
Paid sick leave, paid vacation, health insurance, dental insurance, advanced job training
Name three things that your federal taxes pay for
Name three things that your state taxes pay for
Federal Taxes - President and all government salaries, military, any federal agency such as FBI/CIA
State Taxes - Teachers, highways, local police agencies, local governments