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Scavenger Hunt

Scavenger Hunt

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Question 1 of 5

1. Question

What’s the difference between a bank and a credit union?

Banks offer better interest rates than credit unions.
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A credit union is owned and controlled by the people who use its services.
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Credit unions don’t offer online banking.
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Banks are only for large businesses.
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Hint

Visit the Financial Basics section and explore topics related to banking and financial institutions. Look for information that explains who owns a credit union and how it differs from a bank.
Question 2 of 5

2. Question

What does KOFE recommend when buying a house for the first time?

Wait until you can pay the full price in cash.
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Buy the biggest house you can qualify for.
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The best first step you can take is to talk to a HUD-certified housing counselor.
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Choose the house based only on curb appeal.
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Hint

Head to the Housing section and look for resources designed specifically for first-time homebuyers. The answer can be found in the guidance on preparing for homeownership.
Question 3 of 5

3. Question

Which is better for gas mileage- windows down or A/C on?

A/C is always better for fuel efficiency.
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Windows down is always better.
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Neither affects fuel mileage.
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It depends on what kind of driving you’re doing. Windows down is better at low speeds; A/C is better at high speeds.
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Hint

Explore the “Financial Basics” tab and dive into “Reduce Your Expenses” to uncover smart ways to stretch your dollars.
Question 4 of 5

4. Question

What is the best reason to set a spending target in your budget?

To help you monitor your spending and avoid going over your budget.
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To make sure you spend all of your money each month.
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To increase your income without working more hours.
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To avoid saving money for future goals.
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Hint

“Youth” tab, go to “Courses”, and dive into “Budgeting for Teens”. Open Lesson 1: “Elements of a Budget” before the budget worksheet to discover the key building blocks of creating a successful budget.
Question 5 of 5

5. Question

What is the toll-free number to speak with a KOFE-certified financial coach?

800-772-1213
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844-907-0327
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800-829-1040
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888-888-8888
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Hint

Need to talk to someone? Find the “Call Us” option at the top left of your screen—or visit the “Get Help” tab for the support you need.