Preparing for Life

Health insurance helps cover medical expenses, reducing out-of-pocket costs.

• True

• False

Financial experts recommend having at least 3-6 months’ worth of expenses in an emergency fund.

• True

• False

A larger down payment on a house can lower your monthly mortgage payments.

• True

• False

Renting a home offers more flexibility but doesn’t build equity.

• True

• False

A new car loses value the moment you drive it off the lot.

• True

• False

Car insurance protects against financial losses from accidents or theft.

• True

• False

Health insurance, retirement plans, and paid leave are examples of employee benefits.

• True

• False

It’s best to start saving for retirement as early as possible to take advantage of compound interest.

• True

• False

Groceries and rent are examples of financial wants.

• True

• False

Unlimited data plans are always the best choice for everyone.

• True

• False