Test Drive your knowledge! See how much you know about budgeting. Click the ignition button to begin!

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Presentation transcript:

Test Drive your knowledge! See how much you know about budgeting. Click the ignition button to begin!

What should you consider before purchasing a car? Click on the best response How much money I spend eating out Overall price of the car including interest rate How much money can I borrow The size and color of the car

Correct! Sunny skies ahead! The first thing to consider before purchasing a car is the overall amount you can pay – including interest rate.

Incorrect! Watch out for rain! The first thing to consider before purchasing a car is the overall amount you can pay – including interest rate.

What other expenses should I factor into my budget for buying a car? Click on the best response Insurance and registration fees The price per gallon of gas The cost of tires All of the above

Correct! Sunny skies ahead! There are a lot of things you need to think about when making your budget. You should consider all expenses including insurance and registration, maintenance, and gas.

Incorrect! Watch out for rain! There are a lot of things you need to think about when making your budget. You should consider all expenses including insurance and registration, maintenance, and gas.

What items affect my personal credit score? Click on the best response Credit card minimum monthly payments Signing up for additional credit cards Cell/telephone late payments All of the above

Correct! Sunny skies ahead! Applying for new credit cards and minimum or late payments will impact your credit score because lenders will think that you may not be able to pay back the loan on time.

Incorrect! Watch out for rain! Applying for new credit cards and minimum or late payments will impact your credit score because lenders will think that you may not be able to pay back the loan on time.

What is the best way to get a free credit report? Click on the best response Your bank Walmart and Target stores FreeCreditReport.com AnnualCreditReport.com

Correct! Sunny skies ahead! Though a lot of websites say they give free credit reports and scores you end up paying. AnnualCreditReport.com is the only site gives you one free credit report every year.

Incorrect! Watch out for rain! Though a lot of websites say they give free credit reports and scores you end up paying. AnnualCreditReport.com is the only site gives you one free credit report every year.

If you borrow $100 at a monthly interest rate of 10% and you pay back the lender in two months. How much did you pay them in interest? Click on the best response $10 $20 $40 $50

Correct! Sunny skies ahead! 10% of $100 is $10. And every month you owe the lender $10 more. If you pay the lender back in two months you owe them $20.

Incorrect! Watch out for rain! 10% of $100 is $10. And every month you owe the lender $10 more. If you pay the lender back in two months you owe them $20.

Here is your score: Thanks for test driving with us! You may now exit. Power point does not have the capability to count score but most eLearning authoring tools do.