LCB Work Readiness
Quiz
•
Financial Education
•
Professional Development
•
Medium
Project Sendwich
Used 3+ times
FREE Resource
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8 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a budget?
A loan
A way to save money
A plan for spending money
A type of bank account
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a healthy habit to practice for reducing financial stress?
Overspending
Ignoring debt
Keeping financial secrets
Setting financial goals
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Where is the best place to keep an emergency fund?
Under your mattress
Investment account
Bank savings account
Fixed deposit
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
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
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the 50/30/30 rule in budgeting?
Debts/Savings/Expenses
Savings/Investments/Debt
Needs/Wants/Savings
Expenses/Savings/Emergency Fund
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following is an example of 'NEEDS'?
Entertainment
Travel
Rent
Dining Out
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the 'S' in SMART goals stand for?
Secure
Simple
Short - term
Specific
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