How much do you know about Personal Finance?

A plan for saving and spending in order to know where all your monthly income is going. 

• Savings Account
• Budget
• CD
• NONE

Something of value used to secure a loan. 

• Finance charge
• Unsecured loan
• Collateral
• Interest

This type of retirement account offered by employers to their employees allows them to set aside tax-deferred income.  Sometimes employers will even match the employee contribution up to a certain amount.

• mutual fund
• 401(k)/ 403 (b)
• Checking Account
• savings

What form do you need to complete your taxes?

• W4
• W2
• Savings and Checking Account Statements 

Borrowing money that you have to pay back later with interest. 

• Credit
• Debit

What are some benefits to starting a savings account early?

• you can earn interest on money saved

• putting money aside will help avoid spending it on something else

• setting a savings goal will help

• all of the above

When opening a savings account or planning your budget, which unexpected expenses should you consider?

• home repair

• car repair

• medical expenses

• all of the above

Your computer is broken and you want to buy a new one. How can you offset the price of a new computer when using a credit card?AFix the old computer, sell it, and use the money to pay the credit card balance.BUse the old computer as a paper weight.CFix the old computer and give it to a friend.

• fix the old computer, sell it, and use the money to pay the credit card balance

• use the old computer as a paper weight

• fix the old computer and give it to a friend

When you buy something you WANT, what should you consider before buying?

• where it will look best in my house

• will my friends like it as much as I do

• you might not have enough money for necessary spending (emergencies)

When panning a simple budget, what items would you recommend including?

• earnings

• spending

• saving

• all of the above