Budgeting, Investing and Taxes Review Quizizz

Which of these costs would be the MOST difficult to adjust if you were looking to reduce your expenses?

• Loan payment on a new car

• Dining out at local restaurants

• Expenses for new clothes

• Postponing a purchase for a big-screen TV

Leila just graduated from college and is comparing a few different cities to move to. Which of these factors is the LEAST important thing for her to consider right now?

• Average cost of Uber, Lyft, or taxi fare

• Average rent for an apartment

• Food and grocery store options in the area

• Employment opportunities

You are interested in renting an apartment after graduating college. You meet with the landlord and complete the application. All of the following may need to be provided when you sign your lease EXCEPT

• A bank account

• Proof of employment

• First and last month's rent

• A security deposit

All of the following are good budgeting strategies if you want to save money at the grocery store EXCEPT:

• Building a weekly meal plan around items you already own or items that are on sale that week, rather than just choosing foods you'd like to eat

• Focusing on unit price when comparing similar products

• Preparing a grocery list before you go to the store and avoiding buying items that aren’t on the list

• Focusing only on the price when comparing similar products

Which description is most accurate for a Zero-Based Budget?

• You spend your checking account balance down to $0 every month

• You spend your saving account balance down to $0 every month

• You put every dollar of your net pay into a budget category each month

• You pay every one of your debts down to $0 every month

Dana does all her grocery shopping at organic markets and has a monthly grocery bill of $325. Charles says that Dana is wasting her money on wants instead of focusing on needs. He buys in bulk, uses coupons, and shops at Save-More for a monthly bill of $195. Who's budgeting correctly for food?

• Neither, because they should meet in the middle somewhere. Charles should focus more on health, and Dana should cut her spending

• Both, because needs vs wants are determined on an individual basis

• Dana, because she is focusing on her health, which will have a guaranteed payoff in the long run

• Charles, because he's taking efforts to save money by focusing on his needs only

Bryan is a great cook. He works as an independent contractor and books gigs cooking customers breakfast or dinner in their own homes on the app Cook For You. Who provides Bryan's health insurance and retirement plan?

• The Google and Apple app stores

• The owners of the Cook For You app

• Each family he cooks for

• Bryan has to fund them himself

Which one of these expenses most likely represents a VARIABLE cost in someone's budget?

• Student loan payment

•   Electricity bill

•   Rent

• Car insurance premium

Which statement accurately describes how the 50/20/30 Rule would break down your take-home pay?

• 50% on wants, 20% on saving, and 30% on needs

• 50% on saving, 20% on needs, and 30% on wants

• 50% on saving, 20% on wants, and 30% on needs

• 50% needs, 20% on saving, and 30% on wants

Which of the following is TRUE about a lease agreement?

• A lease is an agreement that includes details about rent, apartment policies, vacating, etc.

• You never have to pay any fees when you sign a lease. If you do, that means it is a scam.

• A lease often has information about your prior housing experience; it's a record that the apartment owner can use to see if you are a good candidate

• A lease is an agreement between you and your roommates that you submit to the apartment owner.