Personal Finance: Day 3 Calculating Credit

Personal Finance Day 4: Insurance Investigation

Multiple Choice

Which of the following behaviors are examples of responsible credit use?

• Use cards regularly to earn perks

• Purchase wants, not needs

• Attempt to exceed the set credit limit

• Pay the bill on time and in full each month

Multiple Choice

Opening a credit card is one of the first steps to establishing a credit history.

• True

• False

Multiple Choice

All of the following are benefits of a high credit score, EXCEPT:

• Lower down payment needed

• Favorable interest rates

• Lower likelihood of qualifying for a loan

• A cosigner is not necessary

Multiple Choice

Demonstrating your ability to pay back borrowed money is one way to develop a good credit ___________.

• history

• balance

• card

• carma

Multiple Choice

Using ______ allows you to spread out the cost of an expensive item over time.

• cash

• checks

• debit

• credit

Multiple Choice

The term creditworthy is used to describe an individual who has proven to be a responsible user of credit.

• True

• False

​Time to Finish Personal Finance Day 3

1. Go back over how to do the credit calculations form.

2. Give students time to finish.

​Day 4 Learning Target

I can continue to develop a comprehensive financial plan by demonstrating the process of completing an insurance investigation.

​Begin Working on Day 4 of Personal Finance.