
Living Paycheck-to-Paycheck Quiz
Passage
•
Life Skills
•
12th Grade
•
Practice Problem
•
Easy
Joseph D'Amelia
Used 2+ times
FREE Resource
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5 questions
Show all answers
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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