Budgeting

Front

How do wages and salary differ?

Back

Salary describes what you earn on an annual basis

Front

Which of the following are TRUE 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? Your Role/Title, Gross Pay

Back

Your Role/Title

Front

Expenses commonly incurred before signing a lease EXCEPT...

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

Which of the following is a step you can take 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, Utilities

Back

Utilities

Front

What are the disadvantages of owning a car?

Back

• Gas.

• Auto insurance.

• Registration fees.

• Routine maintenance.

• Repairs.

• Tickets.

• Parking costs.

Front

About how much of your income should go towards transportation?

Back

15-20%