Moving Out Expenses

A teacher’s starting salary is $60,000 per year. How much can they spend on rent per month? (Use our 30% rule)

• $5,000 per month

• $6,500 per month

• $1,500 per month

• $18,000 per month

Tags

CCSS.6.RP.A.3C

Stanley works 40 hours a week at $25 per hour. How much can he spend on rent per month? (Use our 30% rule).

• $1,000 per month

• $4,000 per month

• $1,200 per month

• $300 per month

Tags

CCSS.6.RP.A.3C

Justin and Jordan earn $5000 together per week. How much can they spend on rent per month together? Use our 30% rule.

• $20,000 per month

• $1,500 per month

• $6,000 per month

• $7,500 per month

Tags

CCSS.6.RP.A.3C

You are moving 300 miles away. You rent a truck that costs $30 plus $0.30 per mile. How much would this cost you?

• $30

• $120

• $60

• $90

Tags

CCSS.7.EE.B.4A

What is an advantage of leasing a home?

• Flexibility and easier relocation

• Long-term stability

• Ownership of property

• Lower monthly payments

A partial payment of cash, at the time of purchase. Usually between 5% and 25% or more of the purchase price. 

• Down Payment
• Equity
• Closing Costs
• Interest

After moving out of their family home, how do most people pay for housing?

• Buy a home

• Rent a home

What term is used to describe money paid to the owner of a home?

• Euros

• Rent

• Mortgage

• Interest Payments

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

When you buy a house you need a LOAN to help you buy it.

• True

• False

You are renting an apartment. The faucet in your shower leaks. Who is responsible for fixing it? 

• you are responsible because you signed a lease 
• your roommate is responsible
  
• your landlord is responsible
  
• both you and your landlord are responsible