3. Finding a Job Budgeting & Saving Finding an ApartmentBuying a Car Buying a Home Education & Advance ment 1111611 2222722 3333833 4444944 555510 5656 5

5. These are the three types of degrees that require a bachelor’s degree as a prerequisite. What are Master’s, Doctorate (Ph. D.), and Professional (M.D., J.D.)?

6. This is why it is important to obtain a degree or training in a specific career. What is Many careers are closed to people who don't have them?

8. These items are normally found on a resume. What are Education, Skills, and Work Experience?

9. The relationship between your level of education/experience and pay. What is The greater the level of your education/experience, the more you can expect to be paid?

11. These are ways you should act once you get a job. What are Maintain a good work ethic (do the job to the best of your ability), Keep a positive attitude (don't be negative), and Be flexible and cooperative (try your best to work with everyone).?

13. The types of income you consider when estimating income for a budget. What are Paychecks, Tax Refunds, Gifts, Etc.?

15. The sources of information you use to estimate income for a budget. What are Old pay stubs, Deposits shown in your checkbook register, and The deposit history shown on your bank statement?

17. The sources of information you use to estimate expenses for a budget. What are Receipts, Billing Statements, and Entries in your checkbook register.

19. The types of expenses you consider when estimating expenses for a budget. What are ALL?

21. The main reasons for saving. What are Financial Goals, Unexpected Expenses, and Saving for the Future?

23. The things you consider when determining if you can afford an apartment. What are Your salary, Start-up costs, and Ongoing costs?

24. This type of renter’s insurance covers damage to your possessions. What is contents coverage?

25. This type of renter’s insurance covers damage you might do to the property you are renting. What is liability coverage?

26. This is money you give your landlord that may be used to make repairs to your rental unit when you move out. What is a security deposit?

28. The things normally found in a lease agreement. What are Amount of rent, When rent is due, and Which utilities you are responsible for paying?

29. The relationship between how new a car is and the insurance rate on the car (on two cars identical except for year). What is The newer the car, the higher the insurance rate?

30. The relationship between how expensive a car is and the insurance rate on the car. What is The more expensive the car, the higher the insurance rate?

31. The relationship between your driving record and your insurance rate. What is The worse your driving record, the higher the insurance rate?

32. True or False: new cars lose 30% of their resale value within 2 years. What is TRUE?

33. True or False: new cars offer you more makes & models & options that you may not be able to easily find with a used car dealership. What is TRUE?

34. True or False: you may have mechanical issues with a used car that aren’t covered by warranty. What is TRUE?

35. This is the relationship between the monthly payment on a car loan and the monthly payment on a lease. What is a lease will cost you less than a loan?

36. True or False: a used car may lose its value more quickly than a new car since it is older. What is FALSE?

38. Three things looked at by lenders when determining your credit worthiness for a car loan. What are Steady income, Credit history, and Established residence?

40. These are normal operating costs for a vehicle. What are gas, oil changes, and routine repairs?

41. This is the maximum recommended percentage of your monthly pre-tax income you want to spend on housing costs. What is 28%

42. This is the maximum recommended percentage of your gross monthly income that should be debt. What is 36%

43. These are 3 characteristics of a “point” What are 1% of the loan amount, a fee you pay up front to reduce the interest rate on your mortgage (discount point), and a fee you pay to cover the various processing expenses for the mortgage (origination point)?

44. This type of mortgage has the balance due after a short period of time. What is a balloon mortgage?

45. This type of mortgage is typically for a long period of time with equal payments until the loan is repaid. What is A fixed rate mortgage?

46. You can determine this by subtracting the amount you still owe on your mortgage from the current market value of your home. What is The amount of your home you own (equity)?

47. Which type of degree does not require you to have a bachelor’s in order to pursue it? What is An associate’s degree?

48. This is a program where you are a college student, but you spend part of the year at a company (for pay) working on projects similar to what you will do once you graduate What is a Co-operative education program (co-op)?

49. This is the upward movement from an entry-level job, through various jobs that have more responsibility and have higher education and/or experience requirements, to the job that is the final goal What is a Career ladder?

50. This is a learning period of up to five years including on the job training (with pay) and additional coursework at night. What is an apprenticeship?

51. This is time spent working for a company in an industry of interest. Can be paid or unpaid, and can last typically from six weeks to a year. What is an internship?