©2016 Mr. Breitsprecher & BreitLinks (www.breitLinks.com). All Rights Reserved Personal Finance: Unit 4 Study Guide, page 1 of 3
Consumer Education
Unit 4 Review: Name: __________________________________
1. What percentage of our monthly income should we budget for housing (whether we
rent or own)?
2. When renting, who is the lessor
3. When renting, who is the lessee
4. When renting, what is a security deposit for?
5. What are some factors to consider when evaluating a home purchase?
©2016 Mr. Breitsprecher & BreitLinks (www.breitLinks.com). All Rights Reserved Personal Finance: Unit 4 Study Guide, page 2 of 3
6. What is the difference between home owners and renters insurance?
7. What are the 5 main parts of a car insurance policy please describe what each
covers.
8. What is term life insurance?
9. What is whole life insurance.
10. In life insurance, what is a “beneficiary”?
11. What are some reasons people buy life insurance?
©2016 Mr. Breitsprecher & BreitLinks (www.breitLinks.com). All Rights Reserved Personal Finance: Unit 4 Study Guide, page 3 of 3
12. People must be very careful when purchasing a disability insurance policy why?
13. How does insurance help us manage risks?
14. What does “caveat emptor” mean?
15. What is an implied warrantee?
16. What is a limited warrantee?
17. How does a decision-making chart work? Please complete one from our class web.