Everfi - Vault

If you have limited means, you _____

• have too much money.

• spend too much money.

• save enough money.

• can't have everything.

When you must give somethin up in order to get something else, it's called ____

• a sound investment.

• an opportunity cost.

• a lost opportunity.

• a limited means.

Why do you need to use decision making skills if you have limited means?

• Since you are not able to have everything, you must decide what you really need.

• Making decisions is possible when you can have everything.

• You have a limited number of decisions.

• You have too much money, which makes decision making hard.

Before you buy something you want, you should buy____

• something cheap.

• something you need.

• something expensive.

• something on sale.

Setting a goal lets you,

• achieve nothing.

• forget the next steps.

• achieve what you want to do.

• spend more money.

When you have a goal, you can _____

• plan out steps to achieve it.

• avoid bad decisions.

• buy more of what you want.

• buy more of what you need.

Which of these things will NOT help you achieve a goal?

• Setting the goal.

• Hoping you meet it.

• Planning out steps to meet it.

• Prioritizing decisions.

Tracking your spending can help you _____.

• spend more money.

• make good decisions.

• know where your money is being spent.

• spend less money.

Which of these is NOT true?

• Tracking your expenses can help you meet your budget.

• A budget helps you plan to use your money for things you need.

• A budget helps you plan to use your money for things you want.

• It's harder to keep track of your money if you make a budget.

Why is saving money important?

• Saving money can help you meet goals.

• It's important to show off how much money you have.

• It's important to fill your money jar.

• Saving money is important for spending.