Car Insurance 1
The amount you pay out of pocket before insurance pays to fix your vehicle - only if it's your fault.
Deductible
Vocabulary word for the the person who owns the insurance policy
Policyholder
A plan for managing your money
Budget
Money coming in is also known as
Income
Goals that take less than 1 year
Short Term Goals
This shape has three sides
Triangle
This is the force that pulls objects toward the center of the Earth.
Gravity
Liability
A request for payment from your insurance company
Claim
Costs that stay the same each month
Fixed Expenses
Spreading your money across different investments to reduce risk.
Diversification
Goals that take 5+ years
Long-term Goals
This singer is known as the "King of Pop."
Michael Jackson
When harmful bacteria or allergens spread from one food or surface to another, often through improper handling or cleaning
Cross-contamination
This pays to cover your cars repairs if you were at fault in the accident.
Collision
Name 2 ways to lower you car insurance.
Maintain a clean driving record - Bundle policies with one company - Increase your deductible - Take advantage of discounts - Review and update your policy regularly - Consider usage-based insurance programs - Improve your credit score
Shows how small expenses, like buying coffee every day, can add up.
The Latte Factor
Costs that change from month to month
Variable Expenses
Goals that take 1-5 years
Medium-term Goals
This is the ability to work well with others and get along in a team.
Teamwork or collaboration
This country is famous for pizza and pasta
Italy
Covers the repairs to your car in the cases of fire, theft and vandalism.
Comprehensive
Name 3 things you must do if you get into an accident.
Ensure safety and call for medical help if needed - Contact the police to file a report - Exchange information with the other driver(s) - Document the scene with photos - Contact your insurance company - Avoid admitting fault or discussing details with others
This budgeting rule divides your income into three categories: needs, wants, and savings/debt repayment.
The 50/30/20 Budgeting Rule
This is like earning interest on your interest.
Compound Interest
Most mortgages are considered....
Good Debt
This Shakespearean play features two star-crossed lovers from feuding families
Romeo and Juliet
The ability to start something on your own without being told or prompted by others
Initiative
Pays your medical bills and vehicle repairs if someone hits you with no insurance.
Uninsured motorist coverage
These are known as 50/100/25 (effective 1/1/25)
State minimum coverages
Unexpected or occasional expenses
Incidentals
What does SMART stand for?
APR stands for
Annual Percentage Rate
This skill involves staying focused on tasks, avoiding distractions, and completing work efficiently.
Time Management
This U.S. state is the only one made up entirely of islands
Hawaii