EverFi REVIEW

Insurance can cover you or your property in case of an accident, theft, or another unpredictable event

How can insurance protect you from financial loss?

ALL OF THE ABOVE

Making a good purchase requires what?

Unit Price

The price of a single item within a group of items is known as what?

If there is a mistake on your bank account, you should contact your financial institution immediately.

Which of the following statements is TRUE?

Recurring expenses should be planned for BEFORE looking at your wants.

Which of the following statements is TRUE?

Check cashing and payday loan companies

Which of the following typically have the highest fees?

Checking Account

Which type of bank account is best for everyday transactions?

Checking account

Which type of bank account typically offers the least (if any) interest to earn?

A and B

Why is it important to have insurance?

. He can attend the local community college whose courses transfer to the public four-year college.

Andrew doesn't want to spend a lot of money on student loans and does not qualify for grants. What is his best option for affording a Bachelor's Degree?

Healthcare, paid time off, disability insurance, and matching contributions to a retirement account are all types of _________ available from your employer.

Benefits

Not having late fees

Benefits to paying the full balance of your credit card each month include...

. Individuals with a bachelor's degree typically earn a higher annual salary than those without one.

Earning a degree can be expensive but which example shows why it might be worth it over your lifetime?

Insurance

Something people buy to protect themselves from losing a lot of money in the event something happens to them or their property is known as...

how much taxes you've paid in the last year based on how much you've earned

The W-2 form is a form that tells you what? 0/1

) The amount of money you're paid after all taxes and deductions are taken out of your paycheck.

What is net pay?

Search online reviews

What is one of the best ways to get reliable information about a product?

Airline tickets to your dream vacation

What should you NOT use a loan to purchase?

Your credit score will go down

What will happen to your credit score if you do not manage your debt wisely?

. No restrictions on the number of miles to drive and the ability to customize, or make changes to the car.

Which example shows an advantage of owning a car over leasing one?

Paying it off on time can help build your credit history

Which is a positive reason for using a credit card to finance purchases?

. Buying a new car

Which is not an example of a risk management strategy?

ALL OF THE ABOVE

Which is true about the Free Application for Federal Student Aid (FAFSA)

Both APR and FEES

Which item is important to consider when selecting a credit card?

Credit Card

Which method of payment actually is a form of money that needs to be paid back? 0/1

. In-state public university, out-of-state public university, private university

Which of the following answers lists 4-year colleges from generally the LEAST expensive to MOST expensive?

Repair your laptop that you use for homework.

Which of the following expenses would be a good reason to spend money from an emergency fund?

In your head

Which of the following is NOT a good way to track your spending?

Helps to keep track of the money you receive. Helps to prioritize your spending. Helps reach short- and long-term financial goals. ( ALL OF THE ABOVE)

Which of the following is a benefit of using a budget?

Federal Income Tax, contributions to retirement savings, FICIA (ALL OF THE ABOVE)

Which of the following is a possible tax or deduction that may show up on your paycheck?

A 529 Plan

Which of the following is a tax-free savings account that can only be used for educational expenses?

Taxes pay for schools and government departments. Taxes pay for roads and emergency services. Taxes are often used at the federal, state, and local levels. (ALL OF THE ABOVE

Which of the following is true about taxes?

Your financial goals. Needs and wants, savings. (ALL OF THE ABOVE)

Which of the following should you consider when setting a budget?

They charge high fees.

Which of the following statements about check cashing companies is TRUE?

When filing an insurance claim, the policyholder must pay a ________________, which is the amount you owe before insurance will cover the rest of the bill.

deductible