Consumerism Quiz

Gross Income:

• Income after taxes are removed

• Income before taxes are removed

Which is an example of a Fixed expense:

• Rent

• Electric bill

• Grocery bill

• Water bill

Credit Score

• Tells you how much your car is worth

• How much money you have borrowed on credit

• A number that judges how well you use credit and pay bills

• How many credit cards you have

Budget:

• a plan for managing your money

• expensive

• the amounts stay the same

• a plan for going into debt

lease

• legally binding document between a renter and a landlord

• expenses that stay the same every month

• electric bill

• used to walk a dog

When you rent an apartment, you own the apartment.

• True

• False

Which are good pieces of advice for when buying a car: (Check all that apply)

• Use KBB.com to check the true value of your car

• Choose a car with low mileage

• Choose a car with high mileage

• Try to pay a high down payment

• Try to get a low interest rate

How will a bad credit score affect you getting a loan?

• Your APR will be higher

• Your APR will be lower

Most of your budget...

• Housing

• Transportation

If you just the minimum payment on your credit card, you will...

• pay less interest

• pay a lot more in interest