College
Budgeting
Cars
Food
Random
100

What is cheaper, community college, state college, or private college?

Community college!

100

Are budgets always restrictive?

No! You can budget $1000 for fun money each month if you want! The main thing is that you have a plan for your money and follow the plan.

100

What's the most important thing to do when looking at a cheap used car?

HAVE A MECHANIC LOOK AT IT! It will save you from so much trouble.

100

Name one way to save money on food!

MAKE FOOD AT HOME! :) 

100

Are you a good saver? Why or why not?

(answers vary)

200

When do you have to pay back student loans?

After you finish college, after the grace period (often 6 months).

200

What is an emergency fund?

Set aside money in the budget each month to build up a chunk of money for emergencies or surprise expenses (if you lose your job, etc.).
200

What does the phrase "live below your means" mean, and how does it relate to cars?

Buy a car you can afford to own and maintain. Do you have to take out a huge loan and pay it for many years? Will the car be expensive to fix?

200

Name some expensive foods

Meats (especially beef/steak and salmon), Cheeses, name brand packaged snacks (Oreos)

200

Name some things to cut out of your budget if you lose your job?

fun money, restaurant money, clothing money, etc.
300

What is the FAFSA?

Free Application for Federal Student Aid (student loans from the government).

300

Let's say you budget $50 a month for necessities (soap, toilet paper, etc.), and you've spent all $50. Now you need more toilet paper. What do you do?

You can take from another budget item (out of your clothing budget maybe?)
300

Name 3 tips for finding a used car on Facebook Marketplace

(answers vary)

300

Name 2 expensive ways to eat

Doordash, fast food, fancy restaurants

300

What's the difference between a clean title and a rebuilt title, on a car?

Clean title cars haven't been totaled, they're the best option. Rebuilt title cars may be unsafe and unreliable.

400
How do you find scholarships for college?

Online! Colleges often have a page for scholarships, and the website "CareerOneStop" has thousands of scholarships.

400

How much should you save?

Saving 15%-20% is a good goal for any budget. It's hard, but it will pay off in the end! 

400

Explain how car loans work.

You make a down payment, and pay the rest back with high interest, over many years. The average car loan is 6 years, and some people even pay off their car for longer!

400
Name a place to get groceries for cheap!

Aldi, Lidl, Walmart, Grocery Outlet

400

What is compound interest?

If you have your money in a savings account with compound interest, you make money faster and faster each month, if you leave the money in the account.

500

Name one thing you might have to do to get a scholarship?

Write a long essay! For bonus points, say some things you would put in your essay!

500

What is a ZERO BASED budget?

It's a budget where your paycheck minus your expenses and savings equals zero. All your money is put in a category, otherwise it will disappear! 

500

Name 2 of the 4 car brands that are usually good quality for low prices

Honda, Acura, Toyota, Lexus

500

Name 3 of the cheapest foods to eat if you're on a tight budget

Peanut butter, rice and beans, pasta, ramen, hot dogs, PB+J, macaroni and cheese

500

How does a credit card work?

You get a bill each month from the credit card company, for what you bought. If you pay the minimum payment, you will then have debt and pay the rest back with high interest (expensive). If you pay it in FULL, then you won't have any debt or interest to pay. If you pay on time you will have a higher credit score, which shows you're trustworthy.