
The Financial Road Sign on the 50/30/20 Rule- Asher Lott
Authored by Asher Lott
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University
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a budget?
A personal financial record of all your transactions
A plan for how to manage spending and saving money
A means of guaranteeing financial protection against various risks
Income earned from allowing someone else to use your money
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____ of income goes to living expenses and necessities (needs)
50 %
30%
20%
75%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
______ of income goes to flexible spending (wants)
50 %
30 %
20%
75%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
______ of income goes to meeting financial goals
50 %
30 %
20 %
75%
5.
CATEGORIZE QUESTION
3 mins • 1 pt
Groups:
(a) Needs
,
(b) Wants
,
(c) Goals
Grow Savings Account
Insurance
Utilities
Rent
Build Emergency Fund
Travel
Transportation
Eating Out
New Shoes
Vacation
Disney World
Groceries
Invest in Stock Market
Netflix
Mortgage
Reduce Debt
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