
Afford Yo LifeStyle Notes Quiz
Authored by Elizabeth Oyeteju
Life Skills
10th - 12th Grade
Used 7+ times

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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Housing is the largest of the four major expenditures
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What recommended amount of an individual's net income should dedicated to Housing?
10%
20%
18%
30%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is used to calculate percentages in a spending plan?
Net Income
Gross Income
Annual Adjusted Income
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process individuals engage in to achieve long-term financial success while having a quality standard of daily living is called
Spending Budget
Financial Planning
Budget Tracking
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A paper or electronic document used to record both planned and actual income and expenditures over a period of time is known as a(n)
Budget Tracker
Spending List
Spending Plan
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something unnecessary but desired is called a (n)
want
need
goal
value
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An expense that may have the same amount due each month and are contractual
Fixed
Flexible
Annuity
Variable
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