Everfi VAULT Module 2: Budgeting and Spending

Tracking your spending can help you _____.

• a. spend more money

• b. make good decisions

• c. know where your money is being spent

• d. spend less money

Why is saving money important?

• a. Saving money can help you meet goals.

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

• c. It’s important to fill your money jar.

• d. Saving money is important for spending.

Buying a cheaper product sometimes can help you _____.

• a. create a budget

• b. reach a savings goal

• c. afford an opportunity cost

• d. track spending

If you have a budget, you have _____.

• a. afford nicer things

• b. spend all the money you want

• c. a plan for using your money over a set period of time

• d. a good idea of how much money you’ll make

Keeping track of what you earn, spend, and save are they key parts of a _____.

• a. monthly allowance

• b. investment strategy

• . paycheck

• d. budget

Cutting back on expenses can help you save money, which will _____.

• a. help you afford nicer things

• b. add up fast and help you save for your goals

• c. help you spend more money

• d. help you choose the right investment

Which is a reliable source of information when trying to research something you will buy?

• a. Friends

• b. Advertisements

• c. Expert reviews

• d. Social media

What kind of information should you find when you want to research buying something?

• a. Positive information

• b. Negative information

• c. Questionable information

• d. Reliable information

When you want to buy something, which kind of information may not give you the best information?

• a. Reliable information

• b. Expert reviews

• c. Trustworthy information

• d. Product advertisements

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 expenses when you make a budget.