Quiz#3 Cash Flow

Which of the following is NOT a way to increase your cash flow?

• Doing chores for allowance each week

• Tutoring others

• Helping your neighbors shovel snow

• Sitting and doing nothing

The envelope system is a:

• Strategy used for mailing letters

• Strategy to track your money

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

True or False:

Personal Finance apps can help you track your income and spending.

• True

• False

You should use the following questions when considering a purchase. What is the name of this test?

Do I need this or do I want it?

If I don’t need it, why do I want it?

Exactly when will I use (or wear) it?

Could I find it for less somewhere else?

What will I have to give up or put off by buying this now?

• Stop drop and think before you buy test

• Stop, drop and roll test

• Pop, lock and drop it test

• Stop and smell the roses test

Tags

CCSS.RI.11-12.2

CCSS.RI.9-10.1

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

During the school year Michael only works part time. Over the summer, since there is no school Michael works full time. Michaels summer estimated monthly income will:

• increase

• decrease

Tags

CCSS.4.NBT.A.2

Any money you receive such as an allowance or paycheck :

• Variable Expenses

• Spending Log

• Income

• Fixed Expense

Tags

CCSS.6.NS.B.3

True or False:

Your spending plan will change as life changes.

• True

• False

Late fees on library books or bills, frequent ATM fees, parking tickets or buying something you left at home...

The above are all examples of:

• Common ways to increase income

• Common money leaks

• Common savings habits

• Cash flow

True or False:

Getting fired from your job will change your spending plan.

• True

• False

Tags

CCSS.RI.11-12.7

CCSS.RI.8.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.9-10.7

Finish the lyrics:

Money, money money money

• Moneyyyy

• Sunny

Tags

CCSS.RL.2.6

CCSS.RL.8.3