College
True or False:
Scholarships are only for those that are attending a community college
False.
True or False:
Almost all credit cards have a credit limit (how much you can spend)
True.
why would someone have or do not have monthly car payments?
Monthly car payments if you did not purchase the car in full price at the time of the buy.
True or false: for condominiums or townhomes, the maintenance fee can also be called an association fee.
True
What is the capital of Hawaii?
Honolulu
Which tuition in college/university typically costs more?
1.) Community college
2.) In-state public university
3.) Out-of state public university
4.) Youtube Education
Out of state public university
Define minimum payment for a credit card:
the least amount you need to pay at the end of a billing cycle.
What does it mean to have add ons to a car?
Specifically add stuff that did not come with the car when it was made out of the factory.
Define down payment on a property.
the amount you put towards your property before you start paying a mortgage
How many knees do horses have?
Two knees.
You move away for college and aren't living at home anymore. What are three common ways college students find a new place to live?
- rent
- campus living
- live with a friend
- family close to college
Paying off your credit card on time will result in positive credit scores
True or false:
Comprehension insurance covers your car if it is hit by another car
False.
Covers damages to your car that are not caused by a collision, such as theft, fire, or natural disasters.
Name two fees that may be included in the closing costs
- bank fees
- lawyer fees
- credit checks
- title searches
- taxes
- preperation of documents
- first mortgage
Is avocado a fruit or vegetable?
Fruit
Name three popular expenses for college students:
tuition fees, textbooks and school supplies, and housing or rent,
Food and groceries
Transportation (public transit, gas, parking, etc.)
Personal items (clothing, toiletries, etc.)
Health insurance and medical costs
Entertainment and social activities
Technology (laptop, phone, software, etc.)
Laundry and cleaning supplies
When would you need to pay interest on your account when having a credit card?
When you miss the grace period of your payment
Scenario:
You accidentally rear-end another car at a stoplight, causing damage to their bumper. What insurance type covers this?
Liability Insurance
What is the basic process of finding and owning a property? Put the following in order.
- closing date with everyone
- getting pre-approved for a loan
- look for an agent
- find a property
- final walk through before the closing date
- look for an agent
- get pre-approved
-find a property
- final walk through
- closing date
Szlachta
What is the difference between subsidized and unsubsized loans?
subsidized loans are more favorable for students because the government covers the interest while you're in school, while unsubsidized loans require you to handle the interest.
What does APR stand for and what is it?
Annual Percentage Rate (APR) is the cost of borrowing money, expressed as a yearly interest rate. It includes not just the interest charged on the loan or credit card balance, but also any additional fees or costs associated with the loan.
Name three insurance types we talked about in class.
Liability Insurance
Covers damages to other people's property and injuries to others if you are at fault in an accident.
Collision Insurance
Covers damages to your own car resulting from a collision with another car or object, regardless of who is at fault.
Comprehensive Insurance
Covers damages to your car that are not caused by a collision, such as theft, fire, or natural disasters.
Personal Injury Protection (PIP)
Covers medical expenses and, in some cases, lost wages and other damages for you and your passengers, regardless of fault.
Uninsured/Underinsured Motorist Insurance
Covers damages and injuries caused by a driver who does not have insurance or does not have enough insurance.
Medical Payments Coverage
Covers medical expenses for you and your passengers after an accident, regardless of fault.
What is the difference between principal and interest in a housing loan?
Principal: takes off your loan amount
Interest: charges to the bank from your loan
What are the first 4 digits of pi after the decimal point?
3._ _ _ _
3.1415