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