50-30-20 Savings Rule

50-30-20 Savings Rule

Assessment

Flashcard

Other

7th - 12th Grade

Hard

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13 questions

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1.

FLASHCARD QUESTION

Front

what does the 50% represent? Options: Resources, Bills, Needs, Wants

Back

Bills

2.

FLASHCARD QUESTION

Front

what is an example of a Bill your parents might have?

Back

Electric

3.

FLASHCARD QUESTION

Front

An example of a fixed expense would be...

Back

Mortgage or Rent

4.

FLASHCARD QUESTION

Front

Which is a Variable expense? Options: Student Loan, Car loan, Rent, Water

Back

Water

5.

FLASHCARD QUESTION

Front

What does the 20% represent? Options: Bills, Wants, Needs, Savings

Back

Savings

6.

FLASHCARD QUESTION

Front

What is not an example of savings? College, Rent or Mortgage, Vacation, Boat

Back

Rent or Mortgage

7.

FLASHCARD QUESTION

Front

Which would be wise to save for? Birthday, Car Payment, College, Shopping

Back

College

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