Financial Literacy
What is the difference between gross pay and net pay?
Gross is before deductions.
Net is the take-home pay.
What’s the difference between in-network and out-of-network care?
In-network care costs less than out-of-network care.
What should you do if you hear a fire alarm?
What is leave immediately?
Why is it important not to leave the scene of an accident?
What are legal consequences?
What is a budget?
What is a spending plan?
Why is checking your syllabus important?
What are expectations and deadlines?
Name two common payroll deductions.
What are taxes, insurance, and retirement?
What does a deductible mean?
What is the amount you pay before insurance pays?
Name one cause of household fires.
What is cooking?
What are candles?
What are electrical issues?
What information should you exchange after a car accident?
What is car insurance?
What is contact information?
What should you list first in a budget?
What is monthly income?
What is one consequence of missing multiple classes?
What is course failure?
How can using credit cards negatively affect your future?
What is debt? What is a low credit score?
Why should you check coverage before a visit or procedure?
What is to avoid unexpected bills?
Why shouldn’t you use water on a grease fire?
What is spreading flames?
Why should you avoid admitting fault at the scene?
What are legal reasons?
What are insurance reasons?
Name one fixed expense.
What is rent?
What is insurance?
Why is time management critical in college?
Helps you meet deadlines and reduce stress.
What’s one advantage and one risk of using credit?
What is building credit?
What is interest and debt?
What could happen if you don’t have health insurance?
What are high medical bills? What is limited health care access?
When shouldn't you try to put out a fire yourself?
If it is spreading or unsafe.
When is it necessary to file a police report?
What is major damage?
Why should you track spending?
What is knowing where your money goes?
When should you contact an instructor about a problem?
What is early, not last minute?
Why might a lender deny a loan application?
What is low income?
What is poor credit?
What is high debt?
How can preventive care save money long-term?
What is preventing serious health issues?
What is at the base of the flames?
How can failing to report an accident affect insurance?
What is an insurance claim denial?
What are higher insurance rates?
What’s one way to cut expenses?
What is cooking at home/meal planning?
What is cancelling subscriptions?
You are falling behind in a class, and deadlines are approaching. What are two proactive steps you should take before the situation gets worse?
What is contact the professor early?
What is create a plan to catch up?
What is use tutoring or academic support services?
What is adjusting your schedule if needed?