Financial Wellness

What should be one of your first steps in comparison shopping?

• Decide what features you care most about

• Visit the store that sells the cheapest stuff

• Locate a coupon

• Sell your old stuff

"Buy One, Get One Free." Why do stores offer this deal to their customers?

• To make you pay for the second item anyway

• They make money because you pay taxes on the second item

• The stores give away free items

• Convince customers to buy things they don't need and stay loyal to the store or brand

You use a mobile wallet at a t-shirt shop on vacation. What do you do?

• Use a smart phone next to the store's checkout terminal

• Use a laptop to buy the item on the store's website

• Scans the store receipt using a cell phone within the next 12 hours

• Buy a gift card from the store and then buy the item with the gift card

What is the main difference between a pre-paid card and a gift card?

• Prepaid cards can be used to shop online, but gift cards cannot

• Prepaid cards are made of plastic, but gift cards are usually cardboard

• Prepaid cards can be used at many different stores, but gift cards are usually for a specific store

• Prepaid cards are only for people without checking accounts, but gift cards are for everyone

Why use a peer-to-peer payment app?

• To deposit a paycheck into their checking account

• To buy stuff at the store

• To repay a friend who covered their costs at the movies

• To keep track of their spending and saving for budgeting

You just moved into your own apartment and are working full time. Which of these is NOT in the "Monthly Bills" category?

• Internet plan

• Rent

• Entertainment

• Health insurance

What are the two main parts of a budget?

• the money coming in (income) and the money you're spending (expenses)

• the money coming in (expenses) and the money you're spending (income)

• the money you are spending in stores and the bills you are paying online

• the items you want to buy and the money you need to save for the future

Justine's part-time job pays her $10 per hour. She works for 10 hours this pay period. How much is her gross pay?

• $10

• $100

• $100, minus any taxes she has to pay

• $100, plus any taxes she has to pay

Why should you use your NET pay when creating a budget?

• Your net pay will always be higher, so you'll have more money to spend

• Your net pay is a more accurate picture of how much money you have available to spend or save

• Your employer knows what your gross pay is, but you only know what your net pay is

• Once you have your net pay, you can figure out how much to deduct in taxes, and then you can do your budget

Three of these items represent services provided by the federal government using taxpayer money. Which one represents a personal expense instead?

• Social Security

• Medicare

• Home insurance

• Military