everfi

everfi

7th Grade

10 Qs

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everfi

everfi

Assessment

Quiz

Business

7th Grade

Practice Problem

Medium

Created by

Bryant Smith

Used 4+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long should your emergency fund last?

1-3 months

3-6 months

1-2 weeks

1-2 years

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How often should you review your budget?

Weekly

Monthly

Quarterly

Annually

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in creating a budget

Decide how much money you will spend on food

decide how much money you have spent in the past

decide how much money you will save

decide how much money you wil spend on entertainment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should be your first financial goal?

Buying a car

Going on a vacation

Building an emergency fund

Investing in stocks

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can you save for your goals faster.

Choosing wants before needs

choosing wants, not needs

Choosing needs before wants

Not preparing a budget

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these can help you save money?

Budgeting

Increasing Income

Reducing Expenses

All of the answers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a good strategy for avoiding overspending?

Buying everything you want

Using credit cards for all purchases

Setting a budget and sticking to it

Ignoring your bank account balance

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