Personal Finance Module 3

When you create your ATM pin number, you should...

• Share it with the love of your life

• Write it down on the back of your ATM card

• Memorize it

• Write it on a piece of paper and keep it with your card

When writing a check, the written amount in cents should be in...

• Decimal form

• Fraction form

• Words

• Chinese

Tags

CCSS.4.NF.C.6

Having more than one bank account is never a good idea since it can complicate money management.

• True

• False

The zero-based budget is the best method of budgeting because:

• This type of budget is less complicated than other types of budgets

• A zero-based budget allows less money for wants

• Sticking to a zero-based budget requires less discipline

• The zero-based budget ensures that every dollar you make is assigned a specific purpose

"Pay yourself first" means you should assign a portion of your income to saving and investing every month.

• True

• False

Groceries are a:

• Fixed Expense

• Variable Expense

• Discretionary Expense

• Intermittent Expense

If you write a zero-based budget every month, it is not necessary to reconcile your account.

• True

• False

Which of the following is something that a typical millionaire would do?

• Lease a new car

• Spend less money than he or she makes

• Replace things that are not broken

• Carry debt

Online bill pay allows you to make payments to whomever you wish without having to write a check and send it in the mail.

• True

• False

Which of the following account records would have the most current balance?

• Account balance statement from the ATM

• Your own account register that you keep

• Your monthly bank statement

• All of these records will have accurate account balances