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ARE YOU A SPENDER OR A SAVER?
SHOW ME THE MONEY
COLLEGE - BEST 6 YEARS OF MY LIFE?
FIND ME A JOB
MY MASERATI DOES 185
100
10% of your take home pay
What is the recommended percentage one should save for future uses?
100
Allows the account owner to access their funds electronically. Can be used at ATMs or at point of sale systems.
What is a debit card?
100
Loans made, insured, or guarnateed under any program authorized by the Higher Education Act. Loans by the borrower are for education purposes.
What is a student loan?
100
1. Federal 2. State 3. Local 4. Social Security 5. Medicare
Who are the different entities that will tax your paycheck
100
Purchase Price, Sales Tax, Registration Fees, Warranties Delivery Fee
What are the total costs of a purchased vehicle
200
1. Properly identifying wants vs. needs 2. Coupons 3. Paying with Cash 4. Do not buy on inpulse.
What are ways one can properly budget their money better?
200
The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period.
What is an interest rate?
200
1. Tuition 2. Room and Board 3. Technology Fees 4. Transportation 5. Spending money
What are five costs associated with going to college?
200
1. Education Level 2. Problem Solving Skills 3. Communication Skills 4. Personal Appearance
What are employers looking for in new employees
200
This is offered to secure a loan or other credit. For example, a car can be used for this....if the loan is not repaid....the bank can repossess the car.
What is collateral?
300
The percentage of a person's monthly income that goes towards paying debts - The higher the ratio, the higher the perceived risk. Loans with higher risk pay higher interest rates.
What is Debt-to-income Ratio (DTI)?
300
A number, roughly between 300-800, that meaures an individual's credit worthiness. This score represents a mathematical formula that assigns a numerical value to your risk level. Banks use this to determine whether you qualify for a credit card, loan, or service.
What is a credit score?
300
1. Independance 2. Opportunity to make more money 3. Make connections 4. Live a healthier and happier life 5. Start a tradition
What are reasons to go to college ?
300
1. Moving expenses 2. Housing expenses 3. Clothing expenses 4. Transportation expenses
What are some front end expenses in finding your first job
300
An individual who signs the note of another person as support for the credit of the primary signer who is responsible for the obligation.
What is a co-signer?
400
A convienient way a customer can borrow against a preapproved amount to purchase good and services. The borrower is billed for the amount borrowed plus any interest charges.
What is a credit card?
400
A general increase in prices and fall in the purchasing value of money
What is inflation?
400
An award of financial aid for a student to further their education. These are awarded based upon various criteria, which usually reflect the values and purposes of the donor or founder of the award. These monies are not required to be repaid.
What is a scholarship?
400
1. Where will you work/live? 2. What are your working conditions? 3. How much will you get paid? 4. What are your benefits? 5. What are your working hours? 6. What are your job responsibilities?
What are things to consider before you start your first job
400
Oil changes,Tire rotation / replacement, Fuel, Wiper Blades, Accidents, Insurance
What are costs associated with driving a car?
500
1. Satisfaction of helping others or not-for-profit entities; 2. Gain Self Esteem and Maturity
What are reasons why you should want to give to Charity?
500
Interest added to the principle of a deposit or loan so that the added interest also earns interest from then on.
What is compounding interest?
500
$18,943 vs. $32,762
What is the average annual in-state public college cost vs. out- of-state cost?
500
Health Insurance
What is the number one benefit employers can offer to their employees?
500
The price printed on the sticker pasted on the window of a new car.
What is MSRP (Manufacturer's Suggested Retail Price)