Budgeting

Front

How do wages and salary differ?

Back

Salary describes what you earn on an annual basis

Front

TRUE statements about gross income and net income:

Back

Gross income is the total amount earned BEFORE deductions

Front

Which of the following may NOT always appear on your paycheck stub? Gross Pay, Net Pay, Your Role/Title, Local Tax

Back

Your Role/Title

Front

Expenses BEFORE signing a lease EXCEPT: Renter's Insurance, Application fee, Application deposit, Apartment hunting expenses

Back

Renter's Insurance

Front

What might you pay when you sign your lease?

Back

Security deposit

Front

According to a rule of thumb, rent shouldn't take up more than ___ % of your take-home pay.

Back

25-30%

Front

What is a step to mitigate the risk of buying a used car?

Back

Get a vehicle history report

Front

Which of the following is NOT a cost of owning a car? License and Registration fees, Gasoline, Utilities, Insurance

Back

Utilities

Front

Why has Justin decided not to own a car?

Back

The walking score in his city is high

Front

About how much of your income should go towards transportation?

Back

15-20%