Money Management

Poll

Do you track your spending

• YES

• NO

Poll

Where does your money usually go every month?

• Food 🍜

• Transport 🚗

• Shopping 🛍️

• Entertainment 🎮

• Others

Open Ended

Ben has the following financial amounts: savings account RM3,200, credit card balance RM500, jewelry RM1,200, real estate valued at RM119,000, a mortgage on the real estate of RM23,000. What is the total of Annette's assets? ​ ​​

Multiple Choice

What would the net worth be if a household has the following assets and liabilities?

Cash = RM5,000

Car=RM20,000

Loan=RM12,000

• RM5,000

• RM8,000

• RM13,000

• RM15,000

Multiple Choice

This month, Oliver Goldberg has cash inflows of RM2,950 and cash outflows of RM2,800, resulting in a _________

• deficit of RM150.

• surplus of RM150

• surplus of RM2,950.

• deficit of RM2,800.

Multiple Choice

Calculate the debt ratio for an individual who has $45,000 in assets and $17,500 in liabilities.

• 0.26

• 0.39

• 0.45

• 1.75

Multiple Choice

A person has RM1,550 in liabilities, monthly savings of RM200, and monthly gross income of RM2,000. What is the person's savings ratio?

• 0.10

• 0.16

• 0.77

• 2.35

Multiple Choice

What percentage of your income should be allocated to needs according to the 50/30/20 budget rule?

• 30%

• 50%

• 10%

• 20%

Multiple Choice

Which of the following is considered a 'want' in the 50/30/20 budget rule?

• Rent or mortgage payments

• Utilities

• Health insurance premiums

• Dining out and entertainment