Questions and Assessment

1.	What is a SMART goal?
2.	Make list of ways you can increase your income. A. B. C. D. E.
3.	Make a list of ways you can decrease your expenses. A. B. C. D. E.
4.	What financial services are expensive? A. B. C. D. E.
5.	Julian has been eyeing a big screen TV. He really wants it. The one he wants costs $1,100. He knows he can’t afford that. But the rent-to-own store in his neighborhood could be the answer to his dreams. He can rent a big-screen, high-definition TV for $24.99 a week for 104 weeks. He spoke to his roommates about it. Between the three of them, they thought they could handle the cost and decided to go for it. Julian and his friends need some quick advice. Explain what they are getting themselves into. Weekly rental $ 7% Sales Tax $ Delivery Fee $30 (once) Total cost of rent-to-own TV $     Cost of a new TV $1,100 7% sales tax $ Delivery Fee $30 (once) Total cost of new TV $     Total cost of rent-to-own TV $ (minus) Total cost of new TV $ (equals) Additional cost of rent-to-own TV $