Budget Manegment
How do you calculate weekly income
4Hours worked x hourly rate
What is liability insurance?
It is the basic insurance plan insurance that covers you in case you're responsible for an accident, particularly for others' bodily injuries and property damage.
Extra 100: Who's vehicle does liability insurance pay to fix?
What do landlords typically check before renting to you?
Landlords thoroughly vet applicants by checking your credit report, income/employment, rental history, eviction records, and criminal background
How are 3 ways ads trying to influence you?
You may need what their offering, They offer payment plans, and they have deals
Why do you need an ID?
it's your primary, secure way to prove who you are for essential activities. It acts as proof of identity, citizenship/legal presence, and residence, which is crucial for security and official transactions in the U.S.
What are three things you can do to save money while grocery shopping
price comparison, making a list, and having a set budget
What are three things you need before getting the insurance?
The car, a drivers licence, and compare insurance prices
How much over does your income need to be to get approved for renting an apartment that is not income based?
three times the rent
Why is it important to read the fine print
So you have all the information
Name 4 things you would need show your ID for?
Opening bank accounts, voting, renting, applying for jobs, accessing federal buildings, and verifying your age, ETC.
What is the difference between your wants and needs
Wants are additional things you would like to buy. Needs are what you will use to cover your basic needs.
What are two things that can impact the cost of your insurance that you have control over?
Driving record and type of car.
Extra 100: What are 2 things that effects insurance that you cannot control?
Name 3 things you may need money for when applying for an apartment.
Deposit, utilities, and furniture.
What number can you call for resources?
211
Name 2 things you typically need to get an ID
Birth certificate and proof of address
What percentage of your paycheck should you save?
Financial experts generally recommend saving 20% of your paycheck, often using the 50/30/20 rule: 50% for Needs, 30% for Wants, 20% for Savings
What happens if you drive without insurance in Tennessee?
Driving without car insurance in Tennessee is illegal and results in fines, license/registration suspension, fees, and potential jail time, especially if you cause an accident, requiring you to file an SR-22 for years to prove future financial responsibility and potentially facing lawsuits for damages.
Extra 100: What do fines start at?
What can you bring to help rent an apartment if you have a criminal record
Write a letter, have a character witness, and offer to pay in advance
What tap would you look under to find resources in your area
Community resources
Keeping your ID in a safe place shows this life skill
Responsibility
How do you calculate your yearly budget before tax reduction
Hours a week worked x your hourly wage x 52
Name 3 types of car insurance?
Extra 100 if you can name what they are for.
Liability: This covers damage you cause to others' property or injuries; it's legally required in most states.
Collision: Pays for repairs to your car after an accident, regardless of fault.
Comprehensive: Covers theft, vandalism, fire, hitting an animal, or natural disasters (not a crash).
Three things to consider when choosing where to live
Transportation, commute time, school zone, safety, and amenities.
What types of resources can you find?
paying bills, food services, and housing
1. Resolve the reason for suspension, like paying fines/tickets or complete programs.
2. Gather documents (proof of insurance, completion certificates)
3. Pay all fees (reinstatement, SR-22, etc.)
4. Apply at the DMV for ne license, often requiring passing exams if revoked or for serious offenses.
Extra 100: What is an SR-22?