Carrer & Financial Planning
-77%
- 3 missing assignments
Math
-100%
-0 Missing Assignments
Language Arts
-91%
- 3 Missing Assignments
Monday, March 5, 2012
Friday, March 2, 2012
How to Finance a Car
1. What are the three instances when paying cash is a good idea when purchasing a car?
-The three instances when paying cash is a good idea when purchasing a car are
If you could pay more interest by financing that amount of money than you could earn if you invested it or kept it in a savings account of some sort
If you don't have a very good credit rating and would have to pay a high interest rate to finance (more on this later)
If you have a lot of debt already but enough cash on hand, and don't want to further damage your credit rating
2. List the five ways that you can finance your car.
-The five ways that you can finance your car are by dealership, bank or credit union, online financial instititution, home equality union, or from a family or friend.
3. Which way do you think is the best to finance your car? Explain your answer in 1-2 complete sentences.
-I think the best way to finance your is by bank or credit union. I decided on this becomes there will be more pros from financing with a bank or credit union than with anything else and you may receive more help.
4. What information is gathered from your credit history and credit score?
-The information that is gathered from your credit history and credit score are your many habits, how you spend money, and how reliabe you are.
5. What has a higher rate? New or used cars?
-A used car has a highter rate.
6. Explain why you must negociate when you purchase a car from the dealer.
-You negociate when you prchase a car from the dealer because you want to reveal the mark-up.
7. Explain three reasons why getting 0% APR is much harder than advertised.
-Three reason why getting 0% APR is much ahrder than advertised are
-Five things you need to pay attention to when getting a car at the dealership are
-The four things for Buyer Beware are
-The three instances when paying cash is a good idea when purchasing a car are
2. List the five ways that you can finance your car.
-The five ways that you can finance your car are by dealership, bank or credit union, online financial instititution, home equality union, or from a family or friend.
3. Which way do you think is the best to finance your car? Explain your answer in 1-2 complete sentences.
-I think the best way to finance your is by bank or credit union. I decided on this becomes there will be more pros from financing with a bank or credit union than with anything else and you may receive more help.
4. What information is gathered from your credit history and credit score?
-The information that is gathered from your credit history and credit score are your many habits, how you spend money, and how reliabe you are.
5. What has a higher rate? New or used cars?
-A used car has a highter rate.
6. Explain why you must negociate when you purchase a car from the dealer.
-You negociate when you prchase a car from the dealer because you want to reveal the mark-up.
7. Explain three reasons why getting 0% APR is much harder than advertised.
-Three reason why getting 0% APR is much ahrder than advertised are
- You may not have the qualified credit score.
- May be limited to buy from the lot with the appliances you want in it
- You lose cash rebate
-Five things you need to pay attention to when getting a car at the dealership are
- Interest rate, term of the loan, down payment, rebates, and monthly payments
- Extended warranties
- Rust protection, undercoating, fabric protection and paint protection
- Alarm systems and window etching
- Insurance
-The four things for Buyer Beware are
- Spot delivery-A dealer does not make a final contract with you and just tells you the amount for your monthly payment and send you off with your car. Then they call you back and have you pay more on your down payment
- Additional Dealer Markup (ADM-They are charges that include stuff such as rust proofing, undercoating, VIN etching, as well as dealer prep and other fees. Also, bargain on the prices. The prices the dealers say are not always the exact price you should pay.
- Credit reports even if you're paying cash?- Never let anyone run your credit score because it may decrease your score. You should only let someone run your credit score when you think you're going to be financing with them.
- How much is the total financed amount?- You should make sure that your down payment, trade-in, and rebates are being applied to the sale price of the car accurately
Tuesday, February 28, 2012
How to Buy a Car
1. What are four things you must know about buying a used car?
-The four things you must know about buying a used car are the number of previous owners, if the car was ever involved in an accident, any previous mechanical problems, and the maintnance history of the car.
2. What is one benefit of buying a used car over a new car?
-One benifit of buying a used car over a new car is getting a great deal that may be almost new.
3. What is an "As Is" agreement? Why should you never sign an "As Is" agreement?
-An "As Is" agreement is an agreement of buying the car how it is. You should never sign an "As Is" agreement because when you drive off the lot with your car the rest is your problem.
4. What does MSRP stand for?
-MSRP stands for Manafactur Suggested Retal Price.
5. What is good about the website, CarBuyingTips.com?
- What is good about the website, CarBuyingTips.com is it gives you all the information you need to buy a new or used car.
6. Why should you know about your credit history BEFORE walking into a dealership?
-You should know about your credit history before walking into a dealership because that is certainly something the car dealership person would ask you.
7. What is the difference between the average price and the sticker price?
The difference between the average price and the sticker price is that the average price is average price from all dealers and the sticker price is the price that is on the car and able to negotiate for it to go lower.
8. What are the three main ways a dealer can scam you?
-Three main ways a dealer can scam you is by asking you to pay extra charges, buying your car for less than its worth , and getting your trade-in for less than its worth.
9. What are the two best times a year to buy a car?
-The two best times a year to buy a car are in july and christmas.
10. What is a down payment?
-Down payment is paying an certain amount of the cost when your buy the car.
11. What does it mean to finance your car?
-What it means to finance your car is to make a loan.
12. What does APR stand for?
-APR stands for Annual Percentage Rates.
13. What is a "lemon?
-A "lemon" is a bad car.
-The four things you must know about buying a used car are the number of previous owners, if the car was ever involved in an accident, any previous mechanical problems, and the maintnance history of the car.
2. What is one benefit of buying a used car over a new car?
-One benifit of buying a used car over a new car is getting a great deal that may be almost new.
3. What is an "As Is" agreement? Why should you never sign an "As Is" agreement?
-An "As Is" agreement is an agreement of buying the car how it is. You should never sign an "As Is" agreement because when you drive off the lot with your car the rest is your problem.
4. What does MSRP stand for?
-MSRP stands for Manafactur Suggested Retal Price.
5. What is good about the website, CarBuyingTips.com?
- What is good about the website, CarBuyingTips.com is it gives you all the information you need to buy a new or used car.
6. Why should you know about your credit history BEFORE walking into a dealership?
-You should know about your credit history before walking into a dealership because that is certainly something the car dealership person would ask you.
7. What is the difference between the average price and the sticker price?
The difference between the average price and the sticker price is that the average price is average price from all dealers and the sticker price is the price that is on the car and able to negotiate for it to go lower.
8. What are the three main ways a dealer can scam you?
-Three main ways a dealer can scam you is by asking you to pay extra charges, buying your car for less than its worth , and getting your trade-in for less than its worth.
9. What are the two best times a year to buy a car?
-The two best times a year to buy a car are in july and christmas.
10. What is a down payment?
-Down payment is paying an certain amount of the cost when your buy the car.
11. What does it mean to finance your car?
-What it means to finance your car is to make a loan.
12. What does APR stand for?
-APR stands for Annual Percentage Rates.
13. What is a "lemon?
-A "lemon" is a bad car.
Wednesday, February 1, 2012
Virtual Future & Family, Day 3
7. Do you want to go to college? Find the average loan/debt accumulated for a 4-year bachelor's degree. Find what your monthly payment would be.
-I want to go to college. The average loan/debt would be $25,250. The monthly payment would be $2,105.
8. Do you think your potential spouse will have gone to college? Double your college loan/debt amount. Double your monthly payment.
-It does not matter to me if my potential spouse will have gone to college. If she did out loan/debt would be $50,500 and the monthly payment would be $4,210.
9. Do you want your kids to go to college? Look up how college rates are expected to climb in 25 years. How much money should you save per month to have a college fund for your child? Multiply this by the number of kids you want to have.
-Yes, I want my kids to go to college. The average I should save a month so my kids could go to college would be $253 for three kids.
10. Do you want a cell phone? Cable? Internet? Look up the average monthly cell phone bill. Look up the average cable bill. Look up the average wireless internet bill.
-Yes, I would want a cell phone, cable, and internet. The average monthly cell phone would be $60. The average cable bill would be $75-$125. The average wirless internet bill would be $25-$100.
11. Do you want to cook at home every night? Go out every night? A combination of both? Consider your family size (your spouse, the number of kids you want to have, and yourself). Find the average grocery bill. Then, look up how much people spend on just going out/eating out each month. Add those totals together.
-I want to have a combination of both eating home and out. The average cost of grocery bill would be $100 and take out would be $300. So it would cost $400 together
12. Do you want to go on vacations? Consider one place that you want to go. Where is it? Look up the ticket price. Look up the hotel rate and multiply it by the number of days you'd want to go on vacation for.
-I want to go on vacations by staying at home that would cost me zero dollars
13. Do you want a savings account for "rainy days?" Look up the percentage of money that you should save each month from your paycheck.
-Yes i want to have a savings account for a rainy day. The percentage of my money that I should save each month from my paycheck would be 10-15%.
-I want to go to college. The average loan/debt would be $25,250. The monthly payment would be $2,105.
8. Do you think your potential spouse will have gone to college? Double your college loan/debt amount. Double your monthly payment.
-It does not matter to me if my potential spouse will have gone to college. If she did out loan/debt would be $50,500 and the monthly payment would be $4,210.
9. Do you want your kids to go to college? Look up how college rates are expected to climb in 25 years. How much money should you save per month to have a college fund for your child? Multiply this by the number of kids you want to have.
-Yes, I want my kids to go to college. The average I should save a month so my kids could go to college would be $253 for three kids.
10. Do you want a cell phone? Cable? Internet? Look up the average monthly cell phone bill. Look up the average cable bill. Look up the average wireless internet bill.
-Yes, I would want a cell phone, cable, and internet. The average monthly cell phone would be $60. The average cable bill would be $75-$125. The average wirless internet bill would be $25-$100.
11. Do you want to cook at home every night? Go out every night? A combination of both? Consider your family size (your spouse, the number of kids you want to have, and yourself). Find the average grocery bill. Then, look up how much people spend on just going out/eating out each month. Add those totals together.
-I want to have a combination of both eating home and out. The average cost of grocery bill would be $100 and take out would be $300. So it would cost $400 together
12. Do you want to go on vacations? Consider one place that you want to go. Where is it? Look up the ticket price. Look up the hotel rate and multiply it by the number of days you'd want to go on vacation for.
-I want to go on vacations by staying at home that would cost me zero dollars
13. Do you want a savings account for "rainy days?" Look up the percentage of money that you should save each month from your paycheck.
-Yes i want to have a savings account for a rainy day. The percentage of my money that I should save each month from my paycheck would be 10-15%.
Tuesday, January 31, 2012
Virtual Future & Family, Day 2
1. Do you want to get married? If you answered yes to this question, look up the average cost of a wedding in San Diego.
-Yes i want to get married, the avrage cost for the wedding would be $12000-$19000
2. Do you want to have kids? If so, how many? If you answered yes to this question, look up the average cost to raise a child until they are 18 years old. Multiply this number by how many kids you want to have.
-I want to have atleast 3 children. The ocst of raising the children would be $680,760
3. Do you want pets? If so, what kind? How many? If you answered yes to this question, lok up the average cost (including food, vet bills, etc.) for the type of pet that you want. Multiply this number by how many kids you want to have.
-I would like to not have a pet.
4. Do you want to live in the city or the suburbs? Consider at least two possible locations. For each location that you are interested in, find the TYPE of home (house, apartment) that you want to live in and the average cost for a city or suburb.
-I would like to live in the city in San Diego or Amsterdam that i could own. The average cost of having a house in San Diego would be $480,801 while in Amsterdam would be $7,740.89
5. Do you want to live in a house, apartment, condo? Own or rent? For a house, apartment, or condo (choose if you want to own or rent) find three listings (go to real estate websites or craigslist) for the area you want to live in and those costs. (Price for the home or monthly rent).
- I want to live in a house in San Diego and an Apartment at Amsterdam.
-Price of home for Amster would be 5,875.00 € and rent would be 1,152.78 €
-Price of home in San Diego would be $480,801 and rent would be $900 - $1200
-Yes i want to get married, the avrage cost for the wedding would be $12000-$19000
2. Do you want to have kids? If so, how many? If you answered yes to this question, look up the average cost to raise a child until they are 18 years old. Multiply this number by how many kids you want to have.
-I want to have atleast 3 children. The ocst of raising the children would be $680,760
3. Do you want pets? If so, what kind? How many? If you answered yes to this question, lok up the average cost (including food, vet bills, etc.) for the type of pet that you want. Multiply this number by how many kids you want to have.
-I would like to not have a pet.
4. Do you want to live in the city or the suburbs? Consider at least two possible locations. For each location that you are interested in, find the TYPE of home (house, apartment) that you want to live in and the average cost for a city or suburb.
-I would like to live in the city in San Diego or Amsterdam that i could own. The average cost of having a house in San Diego would be $480,801 while in Amsterdam would be $7,740.89
5. Do you want to live in a house, apartment, condo? Own or rent? For a house, apartment, or condo (choose if you want to own or rent) find three listings (go to real estate websites or craigslist) for the area you want to live in and those costs. (Price for the home or monthly rent).
- I want to live in a house in San Diego and an Apartment at Amsterdam.
-Price of home for Amster would be 5,875.00 € and rent would be 1,152.78 €
-Price of home in San Diego would be $480,801 and rent would be $900 - $1200
Monday, January 30, 2012
Virtual family/future
1. Do you want to get married?
-Yes, I would want to get married.
2. Do you want to have kids? If so, how many?
Yes, I would like to have 3 kids.
3. Do you want pets? If so, what kind? How many?
-Yes, I would want a pitbull as a pet and only 1.
4. Do you want to live in the city or the suburbs? Consider at least two possible locations.
-I would like to live in the city of San Diego or Amsterdam.
5. Do you want to live in a house, apartment, condo? Own or rent?
-I want to live in a house and own it.
6. Do you want to own a car? How many? What kind?
-Yes, I would like to own a car, it wont matter unless its anything that gets me from point A to point B.
7. Do you want to go to college?
-Yes, I want to go to college.
8. Do you think your potential spouse will have gone to college?
-I do not know if my potential spouse will have gone to college and it would not matter to me.
9. Do you want your kids to go to college?
-Yes, I would definitly want me kids to go to college.
10. Do you want a cell phone? Cable? Internet?
-I would like to have Cable, Internet and a cell phone.
11. Do you want to cook at home every night? Go out every night? A combination of both?
-I want to have a combination of both cooking every night and going out every night.
12. Do you want to go on vacations?
-Yes, I want to go on vacations.
13. Do you want a savings account for "rainy days?"
-Yes, I would put money into a savings account.
Friday, January 20, 2012
Savings Account
1) What is a savings account?
- A savings account is a banking account that allows you to keep your money in a safe place while it earns a small interest each month.
2) What are THREE benefits of a savings account?
-Your less likely to spend your money
-Your money would be insured
-Your money would be safe from fires or robbery.
3) What is the FDIC? What is its purpose?
-The FDIC is the Federal Deposit Insurance Corporation. Its purpose is to keep your money there even if the business you had your saving account goes bankrupt or goes out of business.
4) What is compound interest?
-Compound interest is when the bank is paying you interest on the money they've paid you in interest
5) What are credit unions?
-Credit unions are non-profit cooperative organizations that are organized for specific groups of people
6) What is the difference between a regular savings account and a Money Market account?
-The difference between a regular savings account and a Money Market account would be that a regular savings account you would need a minimum balance requirement or a low one and could withdraw money any time you want, when a Money Market requires you to have money in the account. and you have limited withdraws.
7) Do you have a savings account?
-No i do not have a savings account.
- A savings account is a banking account that allows you to keep your money in a safe place while it earns a small interest each month.
2) What are THREE benefits of a savings account?
-Your less likely to spend your money
-Your money would be insured
-Your money would be safe from fires or robbery.
3) What is the FDIC? What is its purpose?
-The FDIC is the Federal Deposit Insurance Corporation. Its purpose is to keep your money there even if the business you had your saving account goes bankrupt or goes out of business.
4) What is compound interest?
-Compound interest is when the bank is paying you interest on the money they've paid you in interest
5) What are credit unions?
-Credit unions are non-profit cooperative organizations that are organized for specific groups of people
6) What is the difference between a regular savings account and a Money Market account?
-The difference between a regular savings account and a Money Market account would be that a regular savings account you would need a minimum balance requirement or a low one and could withdraw money any time you want, when a Money Market requires you to have money in the account. and you have limited withdraws.
7) Do you have a savings account?
-No i do not have a savings account.
Subscribe to:
Posts (Atom)