College
The amount the cost of college has increased since 1980.
What is 1200%?
What is 5 years or 60 months? (62mo acceptable)
Most typical mortgage term?
What is 30 years?
Name at least 3 optional paycheck deductions.
What are: retirement, health insurance, life insurance, dental, vision, disability, union dues, and charitable donations?
Bills that are the same month-to-month and bills that are different month-to-month.
Typically the most affordable college route
What are community colleges?
Additional monthly expenses, beyond rent/mortgage, that are important to factor in to your total monthly housing expenses.
What are utilities and homeowners/renters insurance? *I will accept either*
Two paycheck deductions that help retired and elderly people.
What are social security and Medicare? Old-Age, Survivors, and Disability Insurance (OASDI)
To ensure retirement, fight inflation, and generate wealth.
What are the three reason people (should) invest?
Typically more affordable that out-of-state colleges
What are in-state colleges?
A way of identifying a specific car, it's history, and all the options it has.
What is a VIN? (VIN Number)
The term for the sum of money usually given to a landlord at the start or beginning of tenancy. To start your lease you pay the landlord _______________ .
What is "First, last, and security"?
The form your employer gives you at the end of the year showing how much money you made and what has been deducted from your pay.
What is a W2?
The term that relates to how much money you are likely to make based on the college you went to and the degree you earned.
What is ROI (Return On Investment)?
45%...Related to College graduation rates.
The percent of students that actually graduate in 4 years.
A "lightly used and well-maintained" vehicle, often off a lease, that provides the new owner an exceptional value.
What is a "certified pre-owned"?
What are splitting a house/apartment with a friend, renting out a part of your house/apartment, buy/rent a smaller place, look for something with utilities included, choose a lower income location?
The form you complete when starting a job, or each year thereafter if needed, that determines how much tax is withheld from each paycheck.
What is a W4?
An organization/website where the history of a vehicle can be obtained. This includes information about previous owners, accidents, and service.
Three strategies for decreasing the overall cost of getting a college degree.
What is applying for scholarships, staying in-state, going to a community college, and transferring from a community college?
The portion of your "net pay" that your car payment should not exceed.
What is 10%?
The two things landlords can LEGALLY discriminate on when selecting a tenant (renter).
What are monthly income and credit score?
A term that describes an account, investment, or strategy that prevents the government from getting a cut/portion of your money.
What is "tax sheltered" or "tax advantaged"?
A single unit of ownership in a corporation or financial asset
What is a share?