LCB Work Readiness

What is a budget?

• A loan

• A way to save money

• A plan for spending money

• A type of bank account

What is a healthy habit to practice for reducing financial stress?

• Overspending

• Ignoring debt

• Keeping financial secrets

• Setting financial goals

Where is the best place to keep an emergency fund?

• Under your mattress

• Investment account

• Bank savings account

• Fixed deposit

What is a financial advisor?

• A person who treats you coffee

• A person who gives financial advice

• A person who manages your bank account

• A person who collects money

What is the 50/30/30 rule in budgeting?

• Debts/Savings/Expenses

• Savings/Investments/Debt

• Needs/Wants/Savings

• Expenses/Savings/Emergency Fund

Which one of the following is an example of 'NEEDS'?

• Entertainment

• Travel

• Rent

• Dining Out

How many months' worth of living expenses is it generally recommended to save in an emergency fund?

• 1 - 3 months

• 3 - 6 months

• 6 - 9 months

• 9 - 12 months

What does the 'S' in SMART goals stand for?

• Secure

• Simple

• Short - term

• Specific