Housing
What is the document you sign with a landlord?
A lease
How do you choose a career path?
Based on purpose, interests, and what you enjoy doing the most.
For a student, this is $500 put aside for large, unexpected expenses. For an adult, this is 3-6 months of his/her income.
What is an emergency fund.
In the 50/30/20 rule what does the 20% represent?
Savings
A written cash flow plan.
What is a budget.
How much of your monthly income should be allotted to rent?
30 percent
Provide as many examples of proper interview etiquette
Dress appropriately.
Show up on time.
Use proper language.
Shake Hands.
Follow up after the interview.
Abstain from any substance use prior to the interview.
Ask questions
What is a good reason to go into debt?
What is to potentially increase your net worth or enhance your life. (e.g., student loan, real estate)
List 3 important factors for money management/budgeting
Financial stability
Structure for goals
resolve credit
live within in your means
don't rely on credit cards
What is the key to improving future spending?
What disqualifies you from section 8 housing?
Arson charges
How do you respond to an employer if they ask why you left a previous position?
I am looking for a better opportunity for my own professional development.
What do you do before you create a budget?
What is track spending to understand where your money is going.
What is the percentage of credit utilization that will help build credit
30%
What is the purpose of a budget?
To track income, expenses, live within your income, and prioritize financial goals.
What websites are rental properties available?
What are the key components to a resume?
This occurs when money is withdrawn from a bank account and the available balance goes below zero.
What is overdraft.
What is the worst type of credit card to have?
Name three kinds of insurance adults need to budget for?
Medical, dental, vision, car, homeowners, rental.
What are some of the housing resources available?
Section 8
Raft
Income Restricted Housing
Provide two examples of a hard skill and a soft skill.
Hard Skills: Education, certificates, trainings, Microsoft office.
Soft Skills: Work ethic, patience, team player, emotional intelligence, critical thinking, leadership skills.
True or False: If you use an Automatic Teller Machine that is NOT owned by your banking institution, you may be charged an ATM fee.
What is true.
What are the 3 different credit bereaus?
Trans union
Equifax
Experian
What is employer matching?
When an employer matches your 401k retirement plan contribution.