NGPF Budgeting - Unit Test

Front

Which cost is hardest to adjust to reduce expenses?

Back

Loan payment on a new car

Front

You earn a salary of $40,000 per year and decide to save 20% of your gross pay. You set a goal of creating a $16,000 emergency fund. How long will it take for you to achieve your goal?

Back

2 years

Front

If you are trying to substantially reduce the amount you spend on food, you should try...

Back

Cooking your own food at home for as many meals as possible

Front

Leila is comparing cities to move to. Which factor is the LEAST important? Options: Average rent, Food and grocery options, Employment opportunities, Average cost of Uber, Lyft, or taxi fare

Back

Average cost of Uber, Lyft, or taxi fare

Front

Reason for Greg to get a car rather than use public transportation?

Back

Using public transportation, Greg’s commute to work one-way is two hours

Front

Which of these boxes of cereal has the LOWEST unit price? Cereal A: $3.20 for 16 oz, Cereal B: $5.00 for 32 oz, Cereal C: $2.50 for 10 oz, Cereal D: $4.50 for 8 oz.

Back

Cereal B

Front

Isaiah's summer internship pay: Gross pay and net pay?

Back

His gross pay is $3,000 and net pay is $2,500

Front

Describe your budget if your net pay is $2,500 per month and your monthly expenses are $2,625.

Back

You have a deficit of $125

Front

What may not need to be provided when signing a lease for an apartment?

Back

A bank account

Front

What is NOT a good budgeting strategy for saving money at the grocery store?

Back

Focusing only on the price when comparing similar products