Personal Finance - Knowledge Inventory

An average career will last approximately how many hours if you work for 43 years?

• 1 million hours

• 860 hours

• 8,600 hours

• 86,000 hours

When paying taxes in the U.S., the more money you make, ____________________.

• The more taxes you pay.

• The fewer taxes you pay.

• The more you hate paying taxes.

• Doesn't make a difference because everyone pays the same amount in taxes.

One common denominator of most financially successful people is that they?

• Quit school before they were 18.

• Always keep $500 in their pocket.

• Started a business early in life.

• Worked part-time when they were teenagers.

People who do not understand the difference between ______________ usually struggle with financial problems.

• Needs and wants

• Food and shelter

• Buying and renting

• Taxes and insurance

A ___________ is a plan for how you will spend your money.

• Credit card

• Cash journal

• budget

• Credit card

What are the two main reasons to save money?

• So you can invest it and donate it

• For rainy days and to buy all the things you want

• To pay off your credit cards and for major purchases

• For rainy days and major purchases

Developing a financial lifestyle that fits the amount of money you will earn in your career and is the secret to financial success is called,________________?

• A money management program

• A lifestyle driven journey

• A journey driven lifestyle

• None of the above