A) Track your income and expenses. B) Open a separate savings account. C) Invest in the stock market. D) Cut all unnecessary spending.
A) Gas B) Rent C) Groceries D) Entertainment
A) Insurance B) Utilities C) Mortgage D) Loan Payment
A) To track income, expenses, and financial goals. B) To impress your friends. C) To avoid paying taxes. D) To become instantly rich.
A) 50% investments, 30% bills, 20% fun. B) 50% debt, 30% income, 20% expenses. C) 50% needs, 30% wants, 20% savings/debt repayment. D) 50% savings, 30% needs, 20% wants.
A) Borrow money to buy things you want. B) Spend all your money on yourself. C) Give all your money to charity. D) Prioritize saving a portion of your income before spending.
A) 50/30/20 Rule B) Envelope System C) Reverse Budgeting D) Zero-Based Budgeting
A) Going on vacation. B) Investing in high-risk stocks. C) Unexpected expenses like car repairs or medical bills. D) Buying luxury items.
A) Sending money anonymously. B) Using cash-filled envelopes for specific spending categories. C) Mailing bills in colorful envelopes. D) Storing important documents in envelopes.
A) Quitting your job. B) Reducing unnecessary spending. C) Borrowing money from friends. D) Ignoring your bills.
A) Twitter B) Mint C) Facebook D) Instagram
A) To have a clear direction for your money. B) To avoid paying taxes. C) To make your friends jealous. D) To impress your boss.
A) Accumulating more debt. B) Ignoring your debts. C) Filing for bankruptcy. D) Paying off smallest debt first for motivation.
A) Paying off the debt with the lowest interest rate first. B) Paying off the debt with the highest interest rate first. C) Paying off all your debts at once. D) Paying off the debt with the largest balance first.
A) To avoid thinking about your finances. B) To make sure you are spending enough money. C) To make adjustments based on your changing needs. D) To impress your friends.
A) Approved Payment Request B) Annual Prime Rate C) Annual Percentage Rate D) Average Purchase Return
A) A type of savings account. B) Paying interest on your debt. C) Losing money on your investments. D) Earning interest on your initial investment and accumulated interest.
A) Spreading your investments across different assets. B) Investing all your money in one stock. C) Avoiding investments altogether. D) Betting on a single outcome.
A) Your bank account balance. B) The amount of money you have saved. C) Your annual income. D) A number that reflects your creditworthiness.
A) To get free money from the government. B) To impress your friends. C) To avoid paying taxes. D) To get better interest rates on loans and credit cards.
A) Saving money for a specific, larger purchase. B) A loan with extremely high interest rates. C) A government bailout program. D) A fund for burying your money.
A) Saving $100 B) Impossible to say C) They are the same D) Spending $100 on lottery tickets
A) Improving your credit score quickly. B) Accumulating debt and paying high interest. C) Avoiding the need to track spending. D) Earning valuable rewards points.
A) Take out a high-interest loan. B) Identify and cut unnecessary spending. C) Blame someone else for your financial situation. D) Ignore the problem and hope it goes away.
A) A sudden, unexpected expense. B) The cost of doing business. C) The cost of running a company. D) The value of the next best alternative foregone when making a decision.
A) There is no real difference. B) Needs make you happy, wants make you sad. C) Needs are essential for survival, wants are not. D) Needs are expensive, wants are cheap.
A) A luxury vacation B) Food C) A new car D) Designer clothes
A) You have more expenses than income. B) You have no money at all. C) You have more income than expenses. D) You are in debt.
A) It has no impact on your budget. B) It increases the cost of goods and services. C) It makes you richer. D) It decreases the cost of goods and services.
A) Your annual salary. B) Your credit score. C) The amount of money in your bank account. D) The value of your assets minus your liabilities. |