Personal Finance
Eating drive through 4 times a week for a year will cost how much?
$1,872.00
$4 x $9 x 52 =$1,872
*Quarter Pounder meal (Medium) is $10.49
Average interest rate for used car loans with credit score of 600?
Average interest rate for used car loans with credit score of 800?
14.46%
7.67%
Housing costs (rent or house payment) should be ____% of your monthly income?
30%
If you earned minimum wage in Minnesota, what you your annual take home pay be?
$23,150
Your refrigerator unexpectedly dies and you need to replace it. What does a new refrigerator cost?
Basic models cost anywhere from $700-$2,400+
You decide to buy a new cell phone for $900, but you charge it on your credit card or finance it with the cell phone company. If the interest rate is 15% and you make the minimum payment for 2 years what will the cost of the phone be.
$1200.00*
*Might be more depending on billing period
What does an average Minnesotan spend on gas for your car/truck costs per year?
$2,389.09 per year
Buying two Starbuck/Caribou/energy drinks a week will cost how much per year?
$520.00
Cost per drink: Lets assume an average cost per drink = $5
Cost per week: 2 drinks x $5/drink = $10 per week.
Cost per year: $10/week x 52 weeks/year = $520.
If you earned $15 per hour and worked 40 hour/wk. What would be your weekly take home pay be in Minnesota?
Take Home (Net) $493.88
Hourly(40 hrs × $15.00) $600.00 (Gross)
Taxes−$106.12
Federal Income Tax−$32.80 Social Security Tax−$37.20 Medicare Tax−$8.70
Average annual cost of owning a house dog?
Average annual cost of owning a house cat?
Dog = $1,248
Cat = $836
How much should you have in savings if you want to retire at age 65?
12 times what your annual pay was at retirement.
If you are making $50,000 per year this would be $600,000
Average cost to replace all 4 tires on your vehicle?
$450 to $2000.
How many paid subscriptions does the average American have?
The average American has about 4.5 paid subscriptions, with streaming subscriptions being the most popular. This equates to about $924 annually.
Amazon Prime, Walmart +, Netflix, Hulu, SiriusXM,
The average annual salary for skilled trades in Minnesota is approximately ______________ or __________ per hour?
Average Annual Salary: $53,480
Average Hourly Wage: $25.71
Sonographer, electrician, LPN, heavy equipment operator, dental hygienist, ect
You are injured in an accident and are taken to the hospital by ambulance. What is the average cost of an ambulance ride?
$2,125
You have no insurance so this is an out of pocket expense.
In Minnesota, a family of four can expect to spend an average of ________ per month on groceries,
$1,028 a month for a low-cost plan.
*USDA estimates
Average cost per mile for normal car maintenance, including oil changes, repairs, tire replacement, brakes,
$.10 per mile
If you drive 10,00 miles a year that is $1000.00
*AAA 2024 figures.
If you get your hair styled 4 times per year and your nails done 6 times per year what is your annual cost?
$660
Nails 6 x $60 =$360
Hair 4 x $75 = $300
You work road construction earning $24.64 and hour. You are laid off in the winter. What would your weekly earnings be during layoff?
Your weekly benefit amount will be about 50 percent of your average weekly wage up to a state maximum of $914.
You are expecting a child. Was are the average out of pocket costs for the first year of the baby's life if you have insurance?
Prenatal & Childbirth = $3000.00
Childcare first year = $10,500
More if you have a high deducible health plan.
Childcare includes feeding, diapers, daycare, clothings, ect.
You have a 30-year fixed-rate mortgage for $200,000, with an interest rate of 4%.
What will be total cost of the home?
What if you pay an extra $100 a month?
$343,739 Total
Paying an extra $100 per month will save you 4.5 years and $26,000
You bought a car, but now have to pay for full coverage auto insurance. What is the average yearly cost for full coverage insurance in MN?
$2,021
For drivers with a recent DWI on their record, this annual bill increases to an average of $3,746.
What is the median home cost in Minnesota?
$327,889
Todd county = $261,717
According to Zillow (February 2025)
Median weekly earnings for someone with:
A high school diploma?
An associates/2 year tech degree?
A bachelor's degree
HS = $899
AS = $1,052
BS = $1,493
*2023 BLS figures
You start a job and need childcare for your infant. You decide to save money by going to a in home-childcare provider. What should you expect to pay in one year for FT care?
$8,840.00
In home providers as generally less expensive that childcare centers.