| Recap | Steve Hobs | Beep Beep! | Home Sweet Home | Random! |
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What is the difference between:
-Fixed Expenses- (rent) -Variable Expenses- (groceries, gas) -Irregular Expenses- (flat tire, emergencies)
Give an example of each:
-Fixed Expenses -Variable Expenses -Irregular Expenses |
Madison, WI
Dick's Sporting Goods- Assistant Manager
Where does Steve live and what is his job?
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Car, school, large expenses
Name a few reasons why someone would take out a loan?
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Renting is paying for something you do not own, buying would mean you purchase and own it.
What is the difference between renting vs buying?
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Eva's Birthday!
Who's birthday is NEXT?
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A number you are given based on your financial decisions. The likelihood you will pay someone back.
What is a credit score?
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$20/hour
What is Steve's hourly wage?
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Car Insurance or Auto Insurance
It is illegal to buy and drive a car without what?
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Pet fees, rules and policies, visitor information, parking rules/fees, dates for renewal, costs of apartment
Name 2 things that might be included in a lease
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Up to 3 years
How long can a snail sleep for?
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True!
True or False
Your debit card is linked to your checking account. |
$190.92
How much does Steve pay monthly to pay off his car loan?
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A formal request for coverage of loss/damage
(Asking your insurance company to help you pay for an incident)
What is a an insurance claim?
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appliances are usually furnished, easier to move out if you need to leave, maintenance is covered by the landlord.
What are 3 positives of renting an apartment
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Bolt of lightning is 5x hotter than the sun.
Which is hotter: bolt of lightning or the sun?
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300- lowest
850- highest
What are the lowest and highest credit scores?
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Budget: $40
Actual: $110
What is Steve's budgeted expense for clothes and what did they ACTUALLY pay for clothes this month?
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XX / XX / XX
Auto Insurance coverage levels are expressed in a special format. Draw this on the board.
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A loan (borrowed $) used to buy a home with a set of repayments.
What is a mortgage?
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4 years old
Walt Disney started sketching and drawing at what age?
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Simple- calculated on the original amount (principal)
Compound- calculated on original AND accumulated interest
What is the difference:
Simple vs Compound Interest |
BEFORE (Gross Pay) $1,600.00
AFTER (Net Pay) $1,250.06
What does Steve make BEFORE and AFTER taxes are taken out of their paycheck?
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25 / 50 / 10
$25,000 for the injury or death of one person $50,000 for the injury or death of more than one person $10,000 for property damage
What is Wisconsin's required coverage levels?
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TRICK Question!
It depends on your lifestyle, your budget, and your future plans.
TRUE OR FALSE
Buying is better than renting. |
34 inches long
How long is the world's largest French fry?
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