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Living Paycheck-to-Paycheck Quiz

Authored by Joseph D'Amelia

Life Skills

12th Grade

Used 2+ times

Living Paycheck-to-Paycheck Quiz
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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the survey, what percentage of Americans frequently live paycheck to paycheck?

63%

35%

47%

55%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the recommended goal for having savings in terms of living expenses, according to financial planner Bill Cummings?

1-2 months

3-6 months

6-9 months

9-12 months

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the approach recommended by financial planner Bill Cummings for those who are short on money to reach their savings goal?

Borrow money from friends or family

Don't save until financial situation improves

Save small amounts consistently

Save large amounts at once

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the changes Joshua Weiss cup and his family made to improve their financial situation?

Spending money on unnecessary items

Avoiding name-brand products

Buying more name-brand products

Relocating to a more expensive area

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of Americans don't have the savings to cover a $500 car repair or a $1,000 medical bill, according to another survey?

35%

47%

55%

63%

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