Unit 1
Goods or services that are required for survival
Needs
What is the purpose of a resume
To highlight your work experience and qualifications
Which location is likely to have the HIGHEST cost of living
A thriving city with a growing health care sector, pro sports teams, and good public transportation
Protection for bank customers’ deposits up to $250,000, guaranteeing their money is still available if the bank goes out of business
FDIC
An excellent credit score will help with which aspect of car financing
Qualifying for a low interest rate
Attained in more than one year
Long-term goal
Soft skills can be best described as
Skills that allow a person to work effectively with others
Which one of these expenses most likely represents a recurring cost in someone's budget
Gas
Experts recommend that you accumulate enough to cover 3 to 6 __________________ of expenses in your emergency fund.
Months
Which of these credit payback strategies would lead to the highest overall cost?
Paying off your credit card bill in full every month
Managing money continuously through life in order to reach financial goals.
Financial Planning
How should you handle your social media as it’s connected to your job search
Assume that your interviewers are monitoring your social media and post about relevant topics to your industry
For most Americans, which budget expense category is largest
Housing
The BEST time to start saving for your retirement?
As soon as you have your first full-time job
Which of the following is most likely to represent a fixed rate, secured debt
An auto loan
The value of the next best alternative that you will give up as a result of your plan
Opportunity Cost
Why is it often considered a good financial decision to go to college
College graduates have higher average lifetime earnings
When renting an apartment, why is it important to have a written lease?
A lease clearly states the apartment costs and expectations for living there
Which of the following transactions will reduce your checking account balance immediately?
Using your debit card to pay for groceries at the supermarket
What is an advantage of using a credit card
You can make an emergency purchase that you otherwise don’t have the money to pay for right now
A fundamental belief or practice about what is desirable, worthwhile, and important to an individual
Values
When you sit down to file your 1040 form, which document should you have in front of you
W-2 form
How should someone budget for fixed expenses
They should plan for fixed expenses first before spending on wants or saving money.
What is the primary disadvantage of receiving your paycheck through a payroll card?
Your money is less secure than a traditional bank account.
As a young adult, bad strategies for building credit are...
Take out a payday loan