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WorksheetsManaging Money
Total questions: 30
Worksheet time: 10mins
Why is it important to have an emergency fund
So you can get subway
Help recover quickly from unknown expense
So you can buy a car
Help you put money on the superbowl
Why is important to have a goal
so you have a destination and path
know when to take out the trash
so you can watch iowa state beat iowa in football
so you know how to get to dairy queen
The way you manage your money is more important than how much you have
true
false
Investing is a short term game
True
False
Smaller steps are important to reach bigger goal
true
false
The lower the risk the better the return will be on an investment
true
false
Creating a S.M.A.R.T. wont help you reach your goal
true
false
Accumlating wealth is key to financial freedom
true
false
Having someone look over your goals will make your goal worse
true
false
Planning is the key to staying on track
true
false
Getting rid of your weakpoints wont help
true
false
Sercurity deposit is usually one months worth of rent
true
false
What is the most important part of signing a lease
figuring out how much the pet deposit is when you don't have a pet
The hours of the pool
if theres a gym
Making sure you understand it
What makes up housing costs
ultilies
repairs
rent
all the above
How much of your income should be spent on housing
15-17%
25-30%
45-60%
40-44%
What counts as transportation expense
Filling your gas up
Food
Electric expense
water bill
Why is organization so important
makes you less money
creates stress
Helps you know where you are and are headed
helps you get to work
How much of your income should be spent on your first apartments rent
30%
37%
46%
27%
Why are budgets personalized
People lives in the same place
everyone makes the same amount of money
Everyone has different personal needs
they shouldnt be personalized
How can roomates be helpful
They eat all your food
They help lower rent
They use your bathroom
They take up the couch
Why is it important to always look for the right place
so you can be next to caseys
so you can throw parties
So you can get the most for your money
so you can be noisy
Real estate scams normally
provide lots of info on the place
have limited photos and spelling errors
offer a bad deal
dont ask for a deposit
Positive of an apartment
people are loud
cheaper rent
your land lord does the bare minimum
Lots of stairs
What Upfront expenses are there when you first get your aparment
Security deposit
Pool fee
laundry fee
Water fee
How do most apartment complexes pay for your repairs
Take from your bank accound
Security deposit
Take from your rent
take away your pool rights
What is something on the lease agreement
How many people live in the complex
Who lives 3 doors down
Rules of the complex
How big the pool is
How much do you have to pay for a pet deposit
1 months rent
10$ a month
100$
Every complex is different
What does renters insurance cover
If you get hurt snowboarding
Lost assets
Car incase you get in a car crash
Your investments
What types of damage does renter insurance cover
Fire
Hurricane
theft
lighting
What is a good way of keeping track of your assets
get your friend to remember all the assets
draw a picture of your assets
using your mind
putting all your assets on a spreadsheet
