12/19/23 RWM Money Management unit review

What is something that you can do to avoid identity theft?

• Share usernames and passwords.

• Secure your banking and credit card information.

• Share your social security number out loud in a crowded room.

One way to build your credit score is to open up a student or secured credit card.

• True

• False

What happens if a person doesn't pay their credit card balance in full each month?

• You'll have to pay interest on whatever balance is left.

• You could slowly lower your interest rate.

What are some good places to look to learn about refinancing your student loans?

• Federal Loan Providers

• The local pharmacy.

• Your school's financial aid office

What's a good way to choose a bank?

• Ask your friends about which bank they would choose.

• Use a reliable comparison site to weigh your options.

• Go with the one that's closest to home.

What would be the best thing you could say to a friend to convince them to budget their money?

• A budget limits your spending to just the loose change you find on the ground.

• A budget is about creating restrictions for your money so you don't spend so much.

• A budget helps you manage your money, so you know what you can afford to spend, on what.

When looking at jobs for long-term, what are some things to consider?

• Building a professional network.

• A healthy work/life balance and benefits like paid sick leave, vacation, and parental leave.

• Exploring other career opportunities.

• All of these things.

How can someone guarantee that their investments make money?

• You can't. You have to accept some risk for reward.

• Find out what other people are investing in and copy that.

• Invest your money somewhere super safe, like a savings account.

If I have $1000 saved up to invest, how should I invest it?

• Spread the money across companies to make the most of it.

• Whichever company looks good, go big or go home.

How can you make buying a car seem less complicated?

• Just use the calculator on your phone and crunch your own numbers.

• Use a cost calculator to weigh your payment options - and the pros and cons of each.

• Text your friends who have a car. See if they have any advice!