Personal Finance Final

How much money should be in an emergency fund?

• 100

• Have no clue because I wasn't listening.

• 500

• 1000

Finances is_____ head knowledge

• 80

• 50

• 20

• 30

When I want to buy I car I should________________

• pay cash

• borrow from my parents

• borrow from the bank

Personal financial success is primarily the result of:

• Managing your money behavior

• Winning the lottery

• Generous welfare and unemployment programs

• Inheriting money from your relatives

In America, being “normal” is ______.

• wealthy

• broke

a plan for how you spend your money

• budget

• discretionary expense

• commission

• gross income

this type of expense stays the same each month

• fixed income

• variable expense

• discretionary expense

• fixed expense

earnings based on a percentage of sales made

• commission

• variable income

• irregular income

• net income

what a person earns after payroll taxes and other deductions are taken out

• irregular income

• commission

• gross income

• net income

an expense that changes based on usage

• fixed expense

• variable expense

• discretionary expense

• intermittent expense