Life Skills Flashcard

Front

What is the importance of using the correct jack points when jacking up a car?

Back

Using the correct jack points ensures safety and stability while lifting the vehicle, preventing damage to the car and injury to the person performing the task.

Front

What happens to your interest rate if you have a low credit score and take a long auto loan?

Back

Your interest rate will be high, leading to higher overall payments for the car.

Front

What is the first step you should take when changing a flat tire?

Back

Set the emergency/parking brake to prevent the car from rolling.

Front

What is the 30% rule in budgeting for rent?

Back

The 30% rule suggests that you should spend no more than 30% of your gross income on housing costs.

Front

Why should you avoid putting expenses on a credit card if you cannot pay it off at the end of the month?

Back

Carrying a balance on a credit card incurs interest charges, leading to debt accumulation and financial strain.

Front

What is a budget and why is it important before renting a place?

Back

A budget is a plan that outlines your income and expenses, helping you determine how much you can afford to spend on rent.

Front

What is the role of an emergency/parking brake when changing a tire?

Back

The emergency/parking brake secures the vehicle in place, preventing it from rolling while you change the tire.

Front

How does a low credit score affect loan terms?

Back

A low credit score typically results in higher interest rates and less favorable loan terms.

Front

What should you consider when making a budget for housing?

Back

Consider your total income, fixed expenses, and variable expenses to determine a realistic housing budget.

Front

What are the consequences of not using the correct jack points?

Back

Not using the correct jack points can lead to vehicle damage, instability, and potential injury.