Basic Personal Financial Management

Financial management is important because of the reasons below, except

• Inflation

• Daily Cost

• Better Future

• Emergency Cost

What is the percentage from the income we need to save?

• 10%

• 20%

• 30%

• 40%

Tim has a salary $5,000 per month, how much maximum payment he can make regarding his loan?

• $1,500

• $500

• $1,000

• $2,000

Alvani has $ 1,000 income per month and she pays for her loans $ 400. Alvani is good in financial management.

• True

• False

Inflation is the rate of increase in prices over a given period of time.

• True

• False