16 questions
Which of the following is an example of a need for most people?
A place to live
A nice car
Designer jeans
a TV
Money that you spend is called a(n)___.
expense
income
debt
profit
Money that your earn is called a(n)____.
expense
income
debit
credit
Having enough money to cover all your expenses means you have ____
Debt
Balanced Budget
Uneven Budget
Which of the following is an example of a want for most people?
A warm jacket
Transportation
Ice cream
Somewhere to live
What's the best way to know if you are getting a good deal on what you're buying?
Return policy
Compare prices
Ask Friends
Review stars
What is a good reason to save money?
To have money to buy things
To have money put aside for emergencies
For a future purchase
All of the above choices
Something thought to be an essential item required for life (food, water, etc.)
surplus
want
need
deficit
Something unnecessary but desired. An item which increases the quality of life (video games, DVD's, etc.)
surplus
want
need
deficit
If your income is $20 per month, how much should you spend each month to stay on budget?
exactly $20
between $20 and $30
nothing
$20 or less
If insurance costs $1000 a year, how much do you need to save each week?
$52
$19.23
$948
$83.34
Which of these is an example of a once-a-year expense?
car registration
telephone bill
movie tickets
petrol
If I save $15 each week, how much will I have by the end of the year?
$1560
$845
$780
$1335
How much do you need to save each week to buy a new laptop for $2896?
$120.30
$55,70
$90.10
$40.80