powerpoint game-young adults & money
DESCRIPTION
PowerPoint game in Jeopardy! style to teach financial conceptsTRANSCRIPT
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Identity Theft
Predatory Lending
Wheeling & Dealing
Saving & Investing
Credit Tips & Traps
The Money…What Young Adults Need to Know Game
The Answer is:
Example of an auto safety feature.
The Question is:
What is airbags or anti-lock braking system (ABS) brakes?
The Answer is:
Example of an auto maintenance expense.
The Question is:
What is tires, oil change, car washing?
The Answer is:
The most common type of auto financing.
The Question is:
What is dealership financing?
The Answer is:
A disadvantage of auto leasing.
The Question is:
What is not owning the car at the end of the lease, the need to keep car in good condition, various lease expenses, and mileage limits?
The Answer is:
Part of auto insurance policy that covers legal obligations to others.
The Question is:
What is liability coverage?
The Answer is:
Interest earned on both principal and interest from previous periods.
The Question is:
What is compound interest?
The Answer is:
Formula used to estimate how long it takes for savings to double.
The Question is:
What is “The Rule of 72”?
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The time that it takes a sum of money to double at 6% interest.
The Question is:
What is 12 years?
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The interest rate that it takes to double money in 8 years.
The Question is:
What is a 9% interest rate?
The Answer is:
A good reason for saving money
The Question is:
What is having money for unexpected expenses, to stay out of debt, to reach financial goals, and for peace of mind ?
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The cost of using someone else’s money.
The Question is:
What is interest?
The Answer is:
Type of credit that allows borrowers to repay as much or as little as they want as long as they make the minimum payment.
The Question is:
What is revolving credit?
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Cash or property pledged by a borrower to secure a loan.
The Question is:
What is collateral?
The Answer is:
Name of one of the three major national credit bureaus.
The Question is:
What is Equifax, Experian, and Trans Union?
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Fee charged for taking a cash loan from a credit card.
The Question is:
What is a cash advance fee (e.g., 3% of the amount borrowed)?
The Answer is:
The stealing of a victim’s personal information to commit a crime.
The Question is:
What is identity theft?
The Answer is:
A way that a victim’s personal information can be stolen.
The Question is:
What is stealing wallets, stealing mail, “dumpster diving,” posing fraudulently to gain info, stealing work records, and using info at home and on the Internet ?
The Answer is:
A way to reduce the risk of having personal information stolen.
The Question is:
What is destroy documents with sensitive information, avoid giving out SS #, guard mail from theft, not carrying lots of ID, be cautious with personal info at home & work?
The Answer is:
Frequently stolen identification number that is often used as an ID number and should not be carried around.
The Question is:
What is a Social Security number?
The Answer is:
Inexpensive home office appliance that can reduce the risk of identity theft.
The Question is:
What is a shredder?
The Answer is:
High cost loans that are deceptively marketed to vulnerable populations.
The Question is:
What are predatory loans?
The Answer is:
Expensive type of loan where borrowers pay a fee to cash a postdated check.
The Question is:
What is a payday loan?
The Answer is:
Expensive purchase method where people rent new or used items, usually for 78 weeks, and pay several times the retail cost.
The Question is:
What is a rent-to-own plan?
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Place where people can get immediate cash by turning over items such as jewelry and watches to hold as security for a loan.
The Question is:
What is a pawnshop?
The Answer is:
Place that people can contact to check on the reputation of a particular lender.
The Question is:
What is the Better Business Bureau or a state or local consumer protection agency?