Future Smart

Which of the following would be considered a WANT rather than a NEED?

• A place to live

• A smartphone

• Nutritious Food

• Warm clothes in winter

You are creating a budget for your new business. What should you include?

• All income and expenses

• Fixed expenses but not income

• Income but not variable expenses

• Fixed and variable expenses but not taxes

Which expense is NOT a need?

• Cable service

• Rent payment

• Car payment

• Groceries

Before buying a new computer, you want to do some research to help you select the best model for your needs. Where should you look for the most objective and unbiased information?

• Independent consumer education website

• Computer company's website

• Paid advertisement in a magizine

• A salesperson at an electronics store

Income earned on an hourly basis is called a:

• Wage

• Salary

• Stipend

• Benefit

Ashley wants to use money from her checking account to make a purchase. Which payment method should she use?

• Debit card

• Prepaid card

• Credit card

• Direct deposit

A ________________ is usually paid on a biweekly or monthly basis for professional employment.

• Salary

• Stipend

• Wage

• Benefit

What is the best strategy to avoid paying interest on your credit cards?

• Pay the full balance each month

• Pay the minimum balance each month

• Have credit cards from two different banks

• Make payments online

___________________ is withheld from a paycheck and is used to fund government services such as health care, national defense, and scientific programs.

• Federal Income Tax

• Social Security

• Medicare

• State Income Tax

The more ____________________ you receive; the more money you will likely earn in your career.

• Education & Training

• Benefits

• Internships

• Scholarships & Grants