Insurance
What type of insurance helps pay medical bills?
Health Insurance
Which is usually cheaper monthly: renting or buying a large house?
Renting
Which usually cost less: a used car or a luxury new car?
A used car
What does it mean to save money?
Setting money aside for future use
What does philanthropy mean?
Donating money or helping others
What insurance is required for most drivers?
Auto insurance
What is a mortgage ?
A loan used to buy a house
Name one cost of owning a car besides the payment.
Gas, insurance, repairs, maintenance, registration, etc.
What is an emergency fund?
Money saved for unexpected expenses
Name one type of charity people donate to.
Food banks, shelters, hospitals, schools, etc.
What is money paid monthly for insurance called?
Premium
Name one extra cost of owning a house besides the mortgage.
Property taxes, repairs, insurance, utilities, etc.
You buy a sport car with very high monthly payments.
You have less money available for savings and bills.
What bank account usually earns more interest?
Savings account
You donate part of your income to a local charity.
You help the community and support important causes.
What insurance protects your family if you die unexpectedly?
Life insurance
You buy a home you cannot afford.
You may struggle paying bills or go into debt.
What happens if you miss car payments?
You car may be repossessed.
What is investing?
Using money to try grow wealth overtime
Why should people budget before donating?
To make sure they can still afford necessities.
You decide not to buy car insurance to save money. You get into an accident costing 8,000.
You must pay all repair cost yourself.
What credit score usually helps people get lower interest rates?
A high/good credit score
Why is public transportation sometimes financially smarter?
It can cost less than owing a car.
What financial concept helps money grow faster over time ?
Compound interest
How can charitable giving positively affect society?
It helps people in need and improves communities .