If you are trying to substantially reduce the amount you spend on food, you should try...

• Drinking more coffee and soda so you are not as hungry for food

• Cooking your own food at home for as many meals as possible

• Eating more snacks on the go and way fewer meals at home

• Dining at restaurants more often so you don't waste water doing dishes

Leila just graduated from college and is comparing a few different cities to move to.

Which of these factors is the LEAST important thing for her to consider right now?

• Average cost of Uber, Lyft, or taxi fare

• Employment opportunities

• Food and grocery store options in the area

• Average rent for an apartment

You are interested in renting an apartment after graduating college.

You meet with the landlord and complete the application.

All of the following may need to be provided when you sign your lease EXCEPT

• A security deposit

• Proof of employment

• First and last month's rent

• A bank account

Which statement accurately describes how the 50/20/30 Rule would break down your take-home pay?

• 50% on saving, 20% on wants, and 30% on needs

• 50% needs, 20% on saving, and 30% on wants

• 50% on wants, 20% on saving, and 30% on needs

• 50% on saving, 20% on needs, and 30% on wants

You are putting together your first post-graduation budget.

Your net pay is $2,500 per month and you estimate that your monthly expenses will be $2,625.

How would you describe your budget?

• You have a surplus of $2,500

• You have a deficit of $2,625

• You have a surplus of $125

• You have a deficit of $125

Isaiah has a summer internship at a technology company and is paid $3,000.

After Federal and state taxes, Social Security, and Medicare are deducted, his take-home pay is $2,500. Which of the statements below is correct?

• His gross pay is $3,000 and net pay is $2,500

• His gross and net pay are $2,500

• His gross pay is $2,500 and net pay is $3,000

• His gross and net pay are $3,000

For two months in a row, Aaron realizes he has a budget deficit of roughly $175.

Which of these options makes the most sense for him to fix his problem?

• Sell his current car and get a less expensive vehicle

• Contribute $100 less to savings each month and $75 less to his retirement fund

• Cancel one of his streaming video subscriptions and go out to dinner three fewer times each month with friends

• Start paying just the minimum monthly payment on his student loan and credit card debt, instead of the extra he's been contributing

All of the following are good budgeting strategies if you want to save money at the grocery store EXCEPT:

• Preparing a grocery list before you go to the store and avoiding buying items that aren’t on the list

• Focusing only on the price when comparing similar products

• Building a weekly meal plan around items you already own or items that are on sale that week, rather than just choosing foods you'd like to eat

• Focusing on unit price when comparing similar products

You're considering moving into a 3 bedroom apartment with 2 roommates, rather than living on your own post-college. Which of your expenses would likely decrease by having roommates?

• Cell phone bill

• Rent

• Bedroom furniture

• Groceries and eating out

Which description is most accurate for a Zero-Based Budget?

• You spend your checking account balance down to $0 every month

• You put every dollar of your net pay into a budget category each month

• You pay every one of your debts down to $0 every month

• You spend your saving account balance down to $0 every month