Personal Finance

which are needs?

• designer clothes

• food

• shelter

• phone

What happens if you do not pay a credit card bill on time?

• use your debit card

• declare bankrupt

• pay interest

• buy a car

Bad credit can affect your ability to

• Buy a home

• Get a job

• get a loan

• All of the above

The money you earn from working

• spending

• credit

• income

• wants

Which is a fixed expense?

• car repairs

• medical expenses

• monthly car payments

• gas

Which are affected by a poor credit score

• insurance

• groceries

• job availability

• buying a house

What can you save money for?

• needs

• wants

• both needs and wants

• neither needs nor wants

Sophia is shopping with her mom in November and deciding on what to purchase. Which is an example of a need?

• a winter coat

• a designer purse

• makeup

• jewlery

Which is NOT a variable expense ?

• groceries

• electricity

• credit card fees

• rent

Select all that are good ways to budget

• spending right away

• making a list of needs and wants

• comparing income and expense

• never editing your budget