Budget Quiz

Short-term goals...

• can be accomplished tomorrow
• take 3-12 months to reach
• are categorized by needs and wants
• are for adults only

Long-term goals...

• have a lot of words in them
• are for big things you want to buy
• are plans that take more than a year to accomplish
• are a way to budget

Your take-home pay is...

• Gross monthly income
• Net monthly income
• Gross annual income
• Net annual income

Of all the choices, which one should you budget for first?

• Groceries

• Entertainment

• Scrunchies

• Cell Phone bill

Adults spend the biggest amount of their budget on...

• Food
• Transportation
• Housing
• Education

Teens spend the biggest amount of their budget on...

• Transportation
• Education
• Rent
• Clothing

After paying for your needs, you are left with...

• expenses

• discretionary funds

• Utilities

• budget

Which is an example of advertising?

• Buy one get one free
• Commercials
• Free samples

When you see something you weren't planning on buying, but you buy it right then anyway, that is an example of...

• Impulse buy
• a need
• your lucky day

When you get home after buying something you didn't need and feel bad about it, that is an example of...

• Discretionary funds
• Buyer's remorse
• An investment