Rent or Buy?
What’s a lease?
A written agreement to rent a home or apartment.
What’s the 50/30/20 rule?
50% needs, 30% wants, 20% savings/debt.
Name one item in a basic first aid kit.
Bandages, gauze, antiseptic wipes, etc.
Who do you call if your tire blows out on the freeway?
Roadside assistance or a tow truck.
What tool do you use to measure flour accurately?
Dry measuring cup
What is a security deposit used for?
To cover damages or unpaid rent
What’s one example of a variable expense?
Groceries, gas, entertainment.
What’s the first thing you do when someone is bleeding?
Apply pressure with clean cloth
You see smoke in your apartment—what’s the first thing you do?
Get out, call 911
How many tablespoons are in a cup?
16 Tbsp.
Who is responsible for fixing a broken water heater in a rental?
The Landlord
What is "pay yourself first"?
Putting money in savings before spending.
What should you do if you get a minor burn?
Cool under water, cover with clean bandage
You lost your debit card. Who do you call?
Your bank or credit union.
What’s a safe way to thaw frozen chicken?
In the refrigerator.
What are three upfront costs when renting?
First month’s rent, last month’s rent, security deposit.
If you earn $800/month, how much should go toward needs using the 50/30/20 rule?
About $400
What is the universal emergency number in the U.S.?
911
You received a medical bill you can’t afford. What should you do?
Call the provider to ask about a payment plan.
Name 3 basic pantry staples.
rice, canned beans, pasta, flour, spices.
List two pros and two cons of renting vs. buying.
Renting: flexibility, low maintenance; Buying: investment, builds equity. Renting con: no ownership; Buying con: expensive upkeep.
Create a simple monthly budget with income of $1,200. Include at least 3 categories.
Example: $600 rent, $300 groceries/transportation, $200 savings, $100 entertainment.
Describe how to help someone who is choking.
Perform the Heimlich maneuver—ask if they’re choking first, stand behind them, thrust inward and upward.
You’re in a minor car accident—no one is hurt, but there’s damage. List the 3 main people or places you should contact in order.
1. Police (to file a report, especially if required by state law)
2. Your insurance company (to report the claim)
3. The other driver’s insurance (if needed or if you’re not at fault)
You’re out of eggs—what are two common substitutes in baking?
Applesauce, mashed banana, flaxseed/water