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Insurance
Utilities
Budgeting
Paychecks
100

This insurance protects you no matter whose fault the accident is. This insurance will pay to fix your vehicle.

                                          

Liability Insurance         

Collision Insurance

Comprehensive Insurance                       

Medical Insurance                       

Uninsured Motorist Insurance

Collision Insurance 

100
Name 5 different utilities you'd have to pay for living in an apartment/house

options:

electricity

heating and cooling

water

internet 

gas

trash/recycling

100

What is a budget?

A spending plan.

100

This is the amount of money you are paid after all deductions are taken out.

net pay

200

This will pay to fix your vehicle if there is a problem because of something other than an accident.    

Liability Insurance         

Collision Insurance

Comprehensive Insurance                       

Medical Insurance                       

Uninsured Motorist Insurance

Comprehensive Insurance                                                                                              


    

200

List 3 ways that you could save money on your water bill.

-shorter showers

-fill washer/dishwasher when washing items

-turn off tap water when brushing teeth


ect.

200

You are living on your own and want to create you own budget. List 2 different ways that you could do this.

-paper

-budgeting app 

-online websites

200

This is the amount of money you earn before deductions are taken out.

gross pay

300

What is a deductible?

The amount you pay before insurance starts to kick in.

300

List 3 ways that you can save money on your electric bill.

-switch to energy efficient light bulbs

-turn off lights when leaving a room

-unplug electronics

ect. 

300

What percentage of your monthly budget should you try to spend on wants, needs, and savings?



wants: 30%

needs: 50%

savings: 20%

300

Money that is subtracted from your paycheck to be saved and paid back to you when you retire; this is sometimes written as FICA on your paycheck

                                                       


    

social security

400

List 4 companies that you could get car insurance from.

GEICO

State Farm

Allstate

Progressive

ect.

400

Name a company where you could set up each of the 5 utilities below.


1. Water

2. Trash

3. Internet

4. Electric

5. Gas (heat)

1. City of Grand Rapids

2. City of Grand Rapids

3. Xfinity

4. Consumers

5. DTE

400

When planning a budget is it best to...

-overestimate expenses and underestimate income

-budget the exact same amount spend in the previous month

-overestimate expenses and underestimate income

400

Money that is subtracted from your paycheck and given to your state’s government to help run the state

                                                       


    

state income tax

500
Name 4 factors that may influence the amount you pay on medical insurance.

-job/income

-age

-tobacco use

-country you live in

-plan type

-laws

500

                                                                       

Money that is subtracted from your paycheck and given to the federal government to help run the country

                                                       


    

federal income tax