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What is something you would like to learn about in personal finance?
Open answer
What is personal finance?
Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, and retirement, tax, and estate planning.
What is the principals first name?
Karl
How many credits are required to graduate?
50
What is behavioral economics?
(Explain how peoples emotions affect their financial decisions)
What is a budget?
A plan for spending money that you make or receive
What is a cognitive bias?
Explain one cognitive bias or someway people think irrationally about money.
What are some parts that you should include in a budget?
Open response
What is a credit report?
Covers information related to when you have used credit, and gives a score telling how well you make payments for things.
What is a soft credit check?
When your credit information is used to send information, and doesn't affect your score.
Name one type of car insurance and what it covers
(any car insurance/coverage)
What is a Premium?
Monthly pay to have a plan
What might you need a credit score to be able to purchase?
Home,vehicles, other loans.
What is a HDHP
High deductible health plan
What is a deductible?
Amount required that you pay before insurance steps in
What is an out of pocket maximum?
The total amount you will pay before insurance covers everything for the rest of the year.
What kind of insurance protects from damage from the elements or hitting an animal
comprehensive insurance
Who does liability insurance protect?
The other persons property and injuries?
What does net income mean?
Income after taxes and other insurances have been taken out
What is a hard check on your credit?
Its when a creditor asks to pull your credit score. This lowers your credit score for a time. They can't do this without your permission
What does an HSA stand for?
Health savings account
If I purchase a plan with a high deductible my premium will be (higher or lower)
Lower
Transunion,experian,equifax
What does your gross income mean?
Income before taxes etc have been taken out
Credit Union