Personal Finance

Front

Why is it important to set aside money for the future?

Back

To have funds available for future needs or emergencies

Front

You get a new job that pays double your current salary. What's the first thing that you should do?

Back

Create a budget you can spend your money wisely

Front

What would have the HIGHEST RISK of losing money with no benefit? Options: Loaning money from the bank, Loaning money to your friend, Buying a new video game you love

Back

Loaning money to your friend

Answer explanation

You lose money buying a video game, but at least you get a benefit- a new game!

Front

What would NOT be an important expense in a budget? Options: Entertainment, Health Insurance, Savings, Rent

Back

Entertainment

Front

Saving money allows you to...

Back

have extra cash for emergencies

Front

What is credit?

Back

Money borrowed from a lender with the promise it will be repaid.