Major_Expenditures_Note_Taking_Guide_2.6.7.L1 (1)

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Unformatted text preview: Page | 14 2.6.7.L1 Major Expenditures Note Taking Guide Total Points Earned Name Total Points Possible Date Percentage Alisha Hyden 3/10/17 Class Housing Two factors that can influence the price of housing are: 1. 2. – Renting a Home size location Housing rental expenses to include in a spending plan are: The person who owns the property: landlord The cost of using someone elses property: rent The person who rents the property: tenant utilites rent renters insurance communications householding fournishing When comparing properties, three questions to ask a landlord about direct costs include: 1. how much is rent ,when is due , what is the length of the rental insurance 2. who is responsible for each utility bill 3. what amenities are available © Take Charge Today – April 2014 – Major Expenditures: Housing, Transportation and Food Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona Page | 15 2.6.7.L1 When comparing properties, why should you learn about policies? it is important to know what constitutes a violation in the rental agreement and eviction terms so as not to lose the security deposit and get evicted What are common rental application questions? who will be living at the property what is your income where do you work where have you rented who are your refrences may we check your credit history Why is it important to read a rental first and last moth agreement closely? rent it is a legal contract between landlord and tenant is Describe the initial responsible for following the expenses that may be contract required when renting a property. depending on terms of rental agreement money paid to a cover cleaning costs Housing – Purchasing a Home find a property that addresses your needs A real estate agent is: and wants licensed individual representing a buyer or seller is a contractual transaction to a purchase real property They help buyers by... find a property that their spending work through the conduct © Take Charge Today – April 2014 – Major Expenditures: Housing, Transportation and Food Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona Page | 16 2.6.7.L1 income and expense statenebt A mortgage payment typically includes: credit cost of the home What types of information does a lender evaluate? income funds a pay property tax funds a pay property tax net worth funds to pay homeowners insurance Expenses to include in your spending plan when making a purchase are: utilities mortage homeowners associates communication household funding mandates and repair What is a down payment? What are closing costs? automobile payments What is equity? special assessments portion of the purchase price not borrowed fees and charges associated with the purchase of a property – the monetary value of a property minus the amount owed © Take Charge Today – April 2014 – Major Expenditures: Housing, Transportation and Food Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona Page | 17 2.6.7.L1 Transportation What are pros and cons of public transportation? Pros Cons typically cost effective availability depends on the location does not require extra cost of ownership expenses may not be convenient or require more travel time Why is it important to do advanced research before purchasing an automobile? Dealerships and private sources New and used vehicles Convenient hours typically preowned vehicles Transportation expenses to include in a spending plan are: maintenace and repairs automobile payment fuel insurance license and regristration parking Why is it important to consider depreciation when purchasing a vehicle? the value of most vehicles deprecates © Take Charge Today – April 2014 – Major Expenditures: Housing, Transportation and Food Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona Page | 18 2.6.7.L1 What are five features you would consider when purchasing an automobile? cost size usage gas mileage reliabilty Why is it important to have Why is it important to have a How does shopping around for down payment when purchasing an automobile loan benefit you? positive credit history when an automobile? using credit to purchase an automobile? required (if any) varies Amount If selling a current vehicle, research the vehicles worth in advance of talking to others If you trade-in your vehicle, negotiate the trade-in value separately from the price of your new vehicle Describe what a consumer should be aware of when leasing a vehicle. you pay a specific amount of money for a specific time read the contract Once lease expires, vehicle returned to the lease grantor © Take Charge Today – April 2014 – Major Expenditures: Housing, Transportation and Food Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona Page | 19 2.6.7.L1 Food What are the primary sources of food? convenience convenience ready to eat fast food /casual restaurant full service restaurant Why is food prepared at home typically less expensive than food away from home? The meal prepared at home is less expensive and will result in left-overs What are three ways to eat meals that are well balanced and high in nutrition? 1. 2. 3. Time: Skills: Describe how each consideration can impact an eating out may be quicker. food preparation skills. However, these skills can be individuals food choices: gained from classes, peers, watching online tutorials, etc time skills facilities and equipment Dietary Needs: preparing food at home allows control over what is in food Preferences: individuals may prefer the taste or quality Facilities and equipment: are required to cook at home. © Take Charge Today – April 2014 – Major Expenditures: Housing, Transportation and Food Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona ...
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  • Fall '16
  • Catalano
  • Chemistry, Rental agreement, Take Charge America, Inc., The University of Arizona, Norton School of Family and Consumer Sciences Take Charge America Institute

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