PFP Readings

Here are the readings for the Personal Finance Questions you need to answer in the packet.




For ease of use, here are the questions!

Reading Questions: Personal Finance Handbook

 

The answers to these questions can be found in the readings above. Please answer in complete sentences in order to receive credit. Minimum of two sentences per question. These questions are due on Monday, December 15th at the beginning of class in your Personal Finance Project Folder. This part of the project is worth 30 points (2 points per question).

1.    Why is it important to balance your checkbook?

2.    What is an impulse purchase? What was the last one you made?

3.    What is the difference between APR and AP?

4.    How can you make buying stocks less risky?

5.    What are two ways to establish good credit?

6.    How much more money will the average college graduate earn per year than someone with only a high school diploma?

7.    What is the purpose of a resume?

8.    List five of our accomplishments that you think demonstrate skills an employer might want.

9.    Who is responsible for paying income tax?

 

10.  Why do young workers have to contribute to the Social Security system?

11.  What is “adjusted gross income”?

12.  What costs are involved in renting an apartment?

13.  List three things you can do to avoid getting a “lemon” when you buy a used car.

14.  What type of insurance covers a stolen car?

15.  What two disasters are not covered by renters or homeowners insurance?